State Library
OF
MASSACHUSETTS.
A.
Return as Soon as Used.
PUBLIC DOCUMENT . . . .
. ... No. 9.
FORTY-SEVENTH ANNUAL REPORT
OF THE
Insurance Commissioner
OF THE
■
-
Januaey 1, 1902.
PART I.
FIRE AND MARINE INSURANCE.
BOSTON :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
18 Post Office Square.
1902.
6*
A
TABLE OF CONTENTS.
[For Index to Companies, see end of volume.]
COMMISSIONER'S REPORT.
PAGE
Introductory, v
Companies authorized during 1901, v
Companies ceasing to do business during 1901, vi
Who is covered by an Agent's or a Broker's License ? . vii
Nutting v. Massachusetts, xii
Limit in a Single Risk, xvii
Examinations, xvii
Finances of the Department, xix
Reports of receivers of insolvent fire companies, xxi
Comparative tables, xxv
Massachusetts Mutual Fire Insurance Companies :
Comparative Table A, xxvii
Massachusetts Mutual Fire-Marine Insurance Companies :
Comparative Table B, xxvii
Massachusetts Joint-Stock Insurance Companies :
Comparative Table C, xxviii
Insurance Companies of Other States:
Comparative Table D, xxix
United States Branches of Foreign Insurance Companies:
Comparative Table E, xxx
Aggregates of all the companies, xxxi
Massachusetts Business :
Comparative Table F, xxxii
Table G. — Fire risks written, premiums received and losses incurred in
Massachusetts, xxxii
Statistical tables, xxxiii
IV TABLE OF CONTENTS.
Massachusetts Mutual Fire Insurance Companies: page
Table I. — Risks, assets, liabilities and surplus, xxxiv
Table II. — Gross cash income and expenditures, premiums, losses and
expenses, xxxvi
Massachusetts Mctual Marine Insurance Companies :
Table III.— Guaranty fund, scrip, risks, assets, liabilities and surplus, . xxxviii
Table IV. — Gross cash income and expenditures, premiums, losses and
expenses, xxxviii
Massachusetts Joint-Stock Insurance Companies:
Table V. — Cash capital, risks, assets, liabilities and surplus, . . . xxxix
Table VI. — Risks written, premiums received and losses paid, . xl
Table VII. — Gross cash income and expenditures, expenses and dividends, xl
Insurance Companies op Other States:
Table VIII.— Cash capital, risks, assets, liabilities and surplus, ... xli
Table IX. — Risks written, premiums received and losses paid, . . xlv
Table X. — Gross cash income and expenditures, expenses and dividends, 1
United States Branches :
Table XI. — Showing deposits, etc., liv
Table XII. — Income, expenditures, expenses, etc., lvi
Massachusetts Business in Detail :
Table XIII. — Risks written, premiums received, losses paid, etc , . . lviii
Table XIV. — Receipts and expenditures of the insurance department, . lxiv
DETAILED STATEMENTS.
Massachusetts mutual fire companies, 1
Massachusetts mutual marine companies 87
Massachusetts joint-stock fire and fire-marine companies, 93
Fire, marine and fire-marine insurance companies of other States, . . . Ill
United States branches of foreign companies, 413
Appendix, 507
Report of State Fire Marshal 511
Commauixrralfjj of ipassacbitseits.
Insurance Department, Boston, April 25, 1902.
To the General Court of Massachusetts.
The first volume of the forty-seventh annual report of the
Insurance Commissioner is herewith submitted. As usual, it
relates to fire and marine insurance companies only, and com-
prises comments on subjects suggested by the events of the
year, a brief statement relative to the progress and accounts
of receivers of insolvent companies, a statement of the year's
receipts and expenditures of the insurance department, tables
showing briefly the standing of the companies covered by this
report, and their detailed statements as provided by law.
Only 9 fire companies and no marine were admitted to trans-
act business in Massachusetts during the year 1901. The
number ceasing to operate here was 18, comprising 17 fire
companies and 1 marine. The following tables show the
details : —
Fire Companies authorized during the Year 1901.
NAME OF COMPANY.
Location.
Date of
Authority.
Capital.
Palatine,
Colonial,!
Indianapolis
Pawtucket Mutual,
Philadelphia Manufacturers' Mutual,
Mercantile Mutual, ....
Central Manufacturers' Mutual, .
Eagle
National Union, ....
* Deposit Capital.
London,
Jan.
23,
Washington, D. C, .
Feb.
6,
Indianapolis,
Feb.
7,
Pawtucket, .
Feb.
26,
Philadelphia,
Mar.
7,
Providence, .
Mar.
11,
Van Wert, 0., .
Mar.
15,
New York City, .
May
22,
Pittsburg, . .
Nov.
6,
$200,000*
200,000
200,000
300,000
500,000
f Chartered in West Virginia.
VI
REPORT OF THE
Fire Companies ceasing to do Business in Massachusetts during 1901.
NAME OF COMPANY.
Location.
Date.
Capital.
Remarks.
Palatine,
International, .
PMI'I
Insurance Company State
of Pennsylvania.
Manchester, Eng.,
Jan. 23
Lancashire,
United Fire,
Millers' and Manufact-
urers'.
Pacific,
American,
Transatlantic, .
Magdeburg,
Magdeburg,
Helvetia Swiss,
Baloise,
Lumbermen's,
Lion, .
Erie, .
Netherlands,
New York, . . Feb. 8
Philadelphia, . Mar. 19
Manchester, Eng., Apr. 9
Baltimore, . . j May 20
Indianapolis, . May 24
New York, . . June 11
New York, . . June 28
Hamburg, Ger., . July 1
Magdeburg, Ger., July 17
New York, .
St. Gaul, Switzer-
land.
Basle, Switzerland,
Philadelphia,
London, Eng.,
July 17
Oct. 31
Dec. 27
Dec. 31
Dec. 31
Buffalo, . . . June 18
The Hague, Hoi- Dec. 31
land.
$200,000* Succeeded by London Pala-
tine.
200,000 Wit
200,000 License revoked.
200,000* Reinsured in Hartford and
withdrew.
250,000 Reinsured in National and
withdrew.
Withdrew.
200,000 Reinsured in Westchester
and withdrew.
3,000 Reinsured in Hartford and
withdrew.
200,000* Reinsured in Commercial
Union Assurance and with-
drew.
200,000* Reinsured in Springfield
Fire and Marine and with-
drew.
200,000 Reinsured in Springfield
Fire and Marine and with-
drew.
200,000* Reinsured in Phenix and
withdrew.
200,000* Reinsured in Phenix and
withdrew.
250,000 Withdrew.
200,000* Reinsured Massachusetts
business, except Boston,
in Hartford and withdrew.
200,000 Suspended in Mass.
200,000* Reinsured in National and
withdrew.
* Deposit Capital.
The Union Marine of Liverpool withdrew December 19.
On Jan. 4, 1902, the Citizens' of Xew York reinsured in the
Phenix; on January 18, the Eagle in the Xorth British and
Mercantile ; and on March 3 the Moscow withdrew. The
Union Mutual of Providence was admitted March 19, and the
Columbia (marine) on April 15, capital $400,000.
It will be noted that only three of the companies ceasing to
do business here during the year had a capital exceeding $200,-
000, the minumum allowed under the law. But one mutual
INSURANCE COMMISSIONER. Vll
withdrew, and that one could hardly be classed as purely
mutual. Four of those admitted are mutuals and five do busi-
ness on the stock plan, all with small capitals, save one, which
has $500,000. These annual tables of admissions and with-
drawals mark, with quite a degree of accuracy, the fluctuations
in the ratio of loss to premiums in the general experience of
the fire insurance companies. If the prospect is favorable on
account of a small loss ratio for a period long enough to give
courage to outsiders, there is a stream of applications flowing
hither ; but when the prosperous wave recedes, there is a
scramble to get relief, the quickest and surest way being to
unload upon a stronger company that can stand the shock of
adversity. This latter movement has been characteristic of
the business for the past year, and it is as interesting to notice
the companies that have taken on this new business, in addition
to their own lines, as to give heed to those that have abandoned
the field. The Hartford took the risks of three, the Spring-
field Fire and Marine two, the Phenix of Brooklyn three, the
National of Connecticut two, besides the business absorbed by
those which took care of the risks of a single company each.
The policy holders are to be congratulated that their insurance
went into such ^ood hands when the original insurers decided
to retire.
Who is covered by an Agent's or a Broker's License ?
There has been some question as to whether an agent's or a
broker's license protects not merely the person to whom it is
issued but also his employees. Neither the present commis-
sioner nor his predecessors have had any doubt in the matter,
but there have been agents and brokers who have professed to
believe that by virtue of their licenses they could employ whom
they pleased and put them into the field as solicitors, the single
license covering all of them. This view of the matter is coun-
tenanced by one of the district court judges of the State, who
discharged a person complained of for soliciting insurance
without a license, his ground for such discharge being that the
defendant was protected by the license of his employer. The
commissioner's opinion to the contrary had been and is ex-
pressed on each license, in the following words : —
Till REPORT OF THE
This license protects only the person or firm named therein. A
clerk or other employee must have a separate license if he acts for
his employer in soliciting or negotiating insurance outside the office.
The commissioner did not feel bound to accept the opinion
of the honorable judge as establishing the law on the question,
and soon after addressed the following communication to the
Attorney-General of the Commonwealth, the person constituted
by law as the legal adviser of State departments : —
Boston, April 12, 1901.
Hon. Hose a M. Knowlton, Attorney-General.
Dear Sir : — Massachusetts Acts of 1894, chapter 522, section 87,
provides as follows : —
\r\j person not a duly licensed insurance broker, who solicits insurance
on behalf of any insurance company, or transmits for a person other than
himself an application for or a policy of insurance to or from such com-
pany, or offers or assumes to act in the negotiation of such insurance, shall
be deemed an insurance agent within the intent of this act, and shall thereby
become liable to all the duties, requisitions, liabilities and penalties to which
an agent of such company is subject.
Section 98 of the same act has this provision : —
Any person who shall assume to act as an insurance agent or insurance
broker without license therefor as herein provided . . . shall be punished
by a fine of not less than one hundred nor more than five hundred dollars
for each offence.
I should like to have an opinion from you upon this question.
Does the license issued to a person as agent cover his salaried clerk,
or other employee, when such clerk or employe£ does the acts enu-
merated in section 87?
If such clerk or employee may not do all these acts, under all cir-
cumstances, under cover of his employer's license, what may such
employed person do and not render himself liable under section 98?
This department has never had a written opinion bearing directly
upon this subject. We have, however, two or three opinions given
by your predecessors on subjects somewhat kindred. Under date of
May 6, 1874, Charles R. Train, Attorney-General, wrote to this de-
partment as follows : —
I am of the opinion that a person w T ho procures a power of attorney from
another, authorizing him to obtain insurance on the property of the person
who gives the power of attorney, and who, under and in pursuance of that
power, does obtain insurance on such property, is so far an insurance agent
INSURANCE COMMISSIONER. IX
under Statutes 1864, chapter 114, as to be liable to the penalties imposed
by the General Statutes, chapter 58, section 77. The fact that he takes a
power of attorney, authorizing him to do what he does, renders him, under
the laws, an agent, so far as a penal liability is concerned. The law cannot
be evaded in this manner.
Under date of Sept. 30, 1890, A. J. Waterman, Attorney-General
gave an opinion as follows : —
In reply to yours of September 13, containing inquiry as to the right of
the wife of one James M. Dickson to do the business of soliciting insurance
and insuring under the license of her husband, I have to inform you that,
in my opinion, she cannot. She cannot be joined in the license with him.
She may be granted a license for herself as agent or broker.
Under date of May 24, 1888, he gave the following opinion in re-
gard to the necessity of a license for an inspector of an insurance
company : —
I reply as follows to your communication of the 22d inst., asking if the
" act making an inspector of a building prior to insurance and which in-
spection is a necessary preliminary to the effecting of an insurance upon the
property, brings the person thus acting as an inspector within the provisions
of section 93 of chapter 214, Acts of 1887."
The law referred to is very broad, and covers all persons who for com-
pensation act in any manner in regulating contracts of insurance or reinsur-
ance, or placing risks or effecting insurance or reinsurance. It is my opinion
that a person who acts in the capacity named for compensation, and with a
view of having an insurance contract negotiated on the data furnished by
such inspection, is within the statute, and should be licensed.
I will say further that one of my predecessors, as I am told, had a
conference with an Attorney-General on this subject, and was advised
that any clerk or employee who acted outside of his employer's office
in soliciting insurance, or doing the other things that constitute a
person an agent of an insurance company, would not be protected by
his employer's license ; while a clerk, or employed person, doing the
clerical work of an insurance office and waiting on the customers at the
counter, advising as to rates, delivering policies and receiving pay
therefor, and perhaps incidentally acting in the negotiation of insur-
ance, would not need a license, inasmuch as he is acting as eye, ear,
or hand of his employer, and is not known to the insured in any re-
sponsible capacity.
This is the theory upon which the department has acted for many
years. Of late, however, there has been on the part of a few agents
a disposition to hold that their salaried employees, put into the field
to solicit insurance and even to act for them in conducting their busi-
ness in the absence of the proprietor, do not need a license, but are
X REPORT OF THE
amply protected by the one issued to their employer. Hence my
request for an opinion from you.
Respectfully yours, Fred'k L. Cutting,
Insurance Commissioner.
The reply of the Attorney-General, under date of June 28,
begins by quoting sections 87 and 98 of the insurance law.
given in the request of the commissioner for an opinion, and
then proceeds as follows : —
The certificate issued under section 91 of the same chapter is per-
sonal to the licensee, who must be found by the insurance commis-
sioner to be a "suitable person." The licensee, therefore, may not
delegate his authority to an unlicensed person, even though he be his
clerk.
The distinction between what the employee may do and what he
may not do is well stated in the opinion given to you, as you inform
me by your letter, by a former Attorney-General, to wit : " that any
clerk or employee who acted outside of his employer's office in solicit-
ing insurance, or doing the other things that constitute a person an
agent of an insurance company, would not be protected by his em-
ployer's license ; while a clerk, or employed person, doing the clerical
work of an insurance office and waiting on the customers at the
counter, advising as to rates, delivering policies and receiving pay
therefor and perhaps incidentally acting in the negotiation of insur-
ance, would not need a license, inasmuch as he is acting as eye, ear,
or hand of his employer, and is not known to the insured in any
responsible capacity."
In other words, under the pretence of being a clerk, he cannot law-
fully be a solicitor or broker of insurance, excepting so far as such
work is under the immediate direction of his employer, and is inci-
dentally a part of his work as clerk.
Yours very truly, Hosea M. Knowltoh,
Attorney -General.
This opinion upholds the views of the present commissioner
and of his predecessors, and seems to be a necessary interpre-
tation of the law, unless the policy of the "open door" is to
be adopted ; and in that case it would be better to amend the
present statute by legislative enactment, rather than by over-
throwing its apparent purpose by false reasoning.
As an example of what has been attempted under the protec-
tion of a broker's license, it may not be out of place to say
INSURANCE COMMISSIONER. XI
that in more than one instance after a license has been issued
to a veteran, without a fee as the law provides may be done,
others as partners or employees have attempted to take advan-
tage of and trade under that license granted as an expression
of the State's oratitude to one of its defenders.
Another opinion of the Attorney-General, relative to licenses,
is of no inconsiderable interest. The question at issue was,
whether an agent's or a broker's license might be issued to a
corporation. To that inquiry the Attorney-General made the
following reply : —
Commonwealth of Massachusetts,
Office of the Attorney-General,
Boston, Oct. 3, 1901.
Hon. Frederick L. Cutting, Insurance Commissioner.
Dear Sir: — Sts. 1894, c. 522, § 93, cl. 2, provides as follows: —
The insurance commissioner may, upon the payment of a fee of ten dol-
lars, issue to any person a certificate of authority to act as an insurance
broker to negotiate contracts of insurance or reinsurance or place risks or
effect insurance or reinsurance with any qualified domestic insurance com-
pany or its agents, and with the authorized agents in the Commonwealth of
any foreign insurance company duly admitted to do business in the Com-
monwealth.
By Sts. 1895, c. 59, § 2, the section above quoted was amended by
inserting the word ''suitable," so that the commissioner was author-
ized to " issue to any suitable person" a license as insurance broker.
By Sts. 1896 it was provided that such licenses should be limited
to the residents of the Commonwealth, 6r to residents of other States
who granted like certificates to residents of this State.
Notwithstanding the able and ingenious brief for the attorney for
the corporation petitioning for a license as an insurance broker, I am
of opinion that under this statute the Insurance Commissioner is not
authorized to issue a license as an insurance broker to a corporation
organized under the laws of the State of Maine, doing business in this
Commonwealth. There are many expressions throughout the insur-
ance statutes which appear to me to show that the Legislature in-
tended a personal license. Among the most conclusive is section
112, which provides that a licensed insurance broker who does certain
things " shall be deemed guilty of simple larceny." If I understand
the meaning of the word " larceny," it is not possible for a corpora-
tion, as such, to be guilty of that crime. Obviously if this be so, the
Legislature had in mind natural persons only as licensed brokers.
I have not overlooked the fact that it was held by the Supreme
Judicial Court, in Enterprise Brewing Co. v. Grime, 173 Mass. 252,
Xll REPORT OF THE
that a corporation may be licensed to sell intoxicating liquor. The
determination of that case, however, was based chiefly upon the pro-
visions of the statute under which such licenses are granted ; and the
reasoning of the opinion does not apply to the statute now under con-
sideration.
Yours very truly, Hosea M. Knowlton,
Attorney -General.
Nutting v. Massachusetts.
In the forty-fifth report of the Insurance Commissioner there
was given at length the important opinion of the Massachusetts
Supreme Court in the case of Commonwealth v. Nutting. The
case went to the Supreme Court of the United States on ap-
peal, was argued in November, 1901, and decided Jan. 13,
1902. The following, from the United States Reports, Volume
183, Part 3, is a statement of the case, followed by the opinion
of the court, which upholds the views of the Massachuse
court, and establishes the right of the State to enact laws pro-
hibiting the transaction of insurance business by unauthorized
companies with residents of Massachusetts through a third
party as agent : —
The statute of Massachusetts of 1894, c. 522, § 98, imposing a
fine on " any person who shall act in any manner in the negotiation
or transaction of unlawful insurance with a foreign insurance com-
pany not admitted to do business in this Commonwealth," is not
contrary to the Constitution -of the United States, as applied to an
insurance broker who, in Massachusetts, solicits from a resident
thereof the business of procuring insurance on his vessel therein,
and, as agent of a firm in New York, having an office in Massachu-
setts, secures the authority of such resident to^the placing of a con-
tract of insurance for a certain sum in pounds sterling upon the
vessel, and transmits an order for that insurance to the New York
firm ; whereupon that firm, acting according to the usual course of
business of the broker, of itself, and of its agents in Liverpool, ob-
tains from an insurance company in London, which has not been
admitted to do business in Massachusetts, a policy of insurance for
that sum upon the vessel ; and the broker afterwards, in Massachu-
setts, receives that policy from the New York firm, and sends it by
mail to the owner of the vessel in Massachusetts.
This was an indictment on the statute of Massachusetts of 1894,
c. 522, § 98, for negotiating and transacting unlawful insurance with
INSURANCE COMMISSIONER. Xlll
a foreign insurance company not admitted to do business in Massa-
chusetts.
Section 98 of that act is as follows: "Any person who shall
assume to act as an insurance agent or insurance broker without
license therefor as herein provided, or who shall act in any manner in
the negotiation or transaction of unlawful insurance with a foreign
insurance company not admitted to do business in this Common-
wealth, or who as principal or agent shall violate any provision of
this act in regard to the negotiation or effecting of contracts of in-
surance, shall be punished by fine of not less than one hundred nor
more than five hundred dollars for each offence."
The act, in section 3, provides that "it shall be unlawful for any
company to make any contract of insurance upon or concerning any
property or interests or lives in this Commonwealth, or with any resi-
dent thereof, or for any person as insurance agent or insurance broker
to make, negotiate, solicit or in any manner aid in the transaction of
such insurance, unless and except as authorized under the provisions
of this act ; " and that " all contracts of insurance on property, lives
or interests in this Commonwealth shall be deemed to be made therein."
And in sections 77-82 it prescribes the conditions with which foreign
insurance companies must comply before they can do business in Mas-
sachusetts, requiring each company, among other things, to appoint
the Insurance Commissioner its attorney, upon whom process in any
suit against it may be served ; to appoint some resident of Massachu-
setts as its agent ; to obtain from the Insurance Commissioner a cer-
tificate that it has complied with the laws of Massachusetts and is
authorized to make contracts of insurance ; and, if incorporated or
associated under the laws of any government other than the United
States or one of the States, to deposit with the Treasurer of Massa-
chusetts or the financial officer of some other State a sum equal to the
capital required of like companies, to be held in trust for the benefit
of all the company's policy holders and creditors in the United States.
At the trial in the Superior Court the parties agreed upon the fol-
lowing facts : The defendant was a citizen of Massachusetts and a
licensed insurance broker in Boston, and at some time prior to Nov.
18, 1898, solicited from one William McKie, a shipbuilder in Boston,
and likewise a citizen of Massachusetts, the business of procuring
insurance upon a vessel then in process of construction in his Boston
shipyard; and, as agent for Johnson & Higgins, average adjusters
and insurance brokers, having an office in Boston in charge of the
defendant, and their principal place of business in New York, secured
the authorit}' of McKie to the placing of a contract of insurance for
4,124 pounds sterling upon the vessel. Thereupon the defendant
XIV REPORT OF THE
transmitted an order for the insurance to Johnson & Higgins in New
York, and they at once wrote to their Liverpool agents, John D-
Tyson & Co., to procure the aforesaid insurance. Accordingly,
Tyson & Co. procured a policy from the London Lloyds, to be
delivered to Tyson & Co. in Liverpool, dated Nov. 18, 1898, for
a year from Nov. 16, 1898, on the aforesaid vessel, for the sum of
4,124 pounds sterling, the policy running in favor of Johnson &
Higgins, "on account of whom it may concern, as well as in their
own name as for and in the name and names of all and every other
person or persons to whom the same doth, may or shall appertain."
Tyson & Co., at the time of receiving the policy, paid the premiums
thereon for account of Johnson & Higgins, and received a commis-
sion upon the insurance from Lloyds for themselves and for Johnson
& Higgins. Tyson & Co. sent the policy to Johnson & Higgins in
New York ; they, after endorsing it, forwarded it by mail to the de-
fendant in Boston; and he, on Nov. 18, 1898, sent it by mail to
McKie. The policy was procured from the London Lloyds in the
usual course of the business of the defendant, of Johnson & Higgins
and of Tyson & Co. None of them were agents of the London
Lloyds, except in so far as the facts agreed constituted them agents.
The London Lloyds were individual insurers, citizens of England,
associated as principals in the business of insurance, under and by
authority of the government of the United Kingdom of Great Britain
and Ireland, and carrying on the business in England on the Lloyds'
plan, by which each associate underwriter becomes liable for a pro-
portionate part of the whole amount insured by a policy. The London
Lloyds had not complied with any of the requirements imposed by the
laws of Massachusetts upon foreign insurance companies, and had
not been admitted to do insurance business in the Commonwealth,
according to law.
The defendant requested the court to instruct the jury that so much
of the Massachusetts statute as purported to make illegal such acts
as were done by the defendant was contrary to the Fourteenth
Amendment of the Constitution of the United States, and as such
was unconstitutional and void. The request was refused ; and the
court instructed the jury that upon the facts above stated they would
be warranted in finding the defendant guilty. To all of this the
defendant duly excepted, and, being found guilty, his exceptions
were overruled by the Supreme Judicial Court of Massachusetts (175
Mass. 154). He was thereupon sentenced in the Superior Court,
and sued out this writ of error ;
Mr. J. Hubley Ashton for plaintiff in error ; Mr. H. M. Knowlton
for defendant in error.
INSURANCE COMMISSIONER. XV
Mr. Justice Gray, after stating the case as above, delivered the
opinion of the court.
A State has the undoubted power to prohibit foreign insurance
companies from making contracts of insurance, marine or other,
within its limits, except upon such conditions as the State may pre-
scribe, not interfering with interstate commerce. A contract of
marine insurance is not an instrumentality of commerce, but a mere
incident of commercial intercourse. The State, having the power to
impose conditions on the transaction of business by foreign insurance
companies within its limits, has the equal right to prohibit the trans-
action of such business by agents of such companies, or by insurance
brokers, who are to some extent the representatives of both parties.
(Hooper v. California, 155 U. S. 648 ; Allgeyer v. Louisiana, 165
U. S. 578.)
The statute of Massachusetts of 1894, c. 522, on which this indict-
ment is founded, besides requiring foreign insurance companies, as
conditions precedent to doing business in the State, to appoint agents
within the State, and to deposit a certain sum in trust for their policy
holders and creditors, provides, in section 3, that "it shall be unlaw-
ful" "for any person as insurance agent or insurance broker to
make, negotiate, solicit or in any manner aid in the transaction of"
insurance on or concerning any property, interest or lives in Massa-
chusetts, except as authorized by the act ; and, in section 98, that
any person " who shall act in any manner in the negotiation or trans-
action of unlawful insurance " (evidently intending insurance declared
unlawful by section 3) "with a foreign insurance company not
admitted to do business in this Commonwealth," shall be punished
by fine.
The acts of negotiation or transaction by the defendant in Massa-
chusetts, admitted in the facts agreed by the parties, are that he
solicited from McKie the business of procuring insurance upon his
vessel in Boston, and, as agent of Johnson & Higgins of New York,
having an office in Boston, secured the authority of McKie to the
placing of a contract of insurance for a certain sum in pounds sterling
upon the vessel, and transmitted an order for that insurance to John-
son & Higgins in New York ; whereupon they, acting according to the
usual course of Business of the defendant, of themselves and of their
agents in Liverpool, obtained from the London Lloyds, who had not
been admitted to do business in Massachusetts, a policy of insurance
for that amount on the vessel ; and the defendant afterwards, in
Massachusetts, received from Johnson & Higgins that policy, and
sent it by mail to McKie, which tends to show that the policy obtained
from the foreign insurance company was the insurance which he had
XVI REPORT OF THE
originally solicited. These facts clearly convict the defendant of
negotiating and transacting in Massachusetts unlawful insurance with
a foreign insurance company in violation of the statute, if that statute
is constitutional.
In Hooper v. California, 155 U. S. 648, Hooper, the agent in Cali-
fornia of the same Johnson & Higgins of New York, obtained from
them a policy of marine insurance of a Massachusetts insurance
company on a vessel in California, owned by a citizen of California,
to whom he delivered the policy in California. It was held that a
statute of California, by which Hooper was guilty of procuring insur-
ance for a resident of California from a foreign insurance company
which had not given bond as required by the laws of California, u
constitutional.
In Allgeyer v. Louisiana, 165 U. S. 578, the insurance was not
obtained through an agent or broker, but by the assured himself ; and
the point decided was that a statute of a State punishing the owner
of property for obtaining insurance thereon in another State was
unconstitutional. In that case the decision in Hooper's case was
expressly recognized and distinguished ; and Mr. Justice Peckham,
speaking for the court, and repeating the words of Mr. Justice White
in Hooper's case, observed: "It is said that the right of a citizen
to contract for insurance for himself is guaranteed by the Fourteenth
Amendment, and that, therefore, he cannot be deprived by the State
of the capacity to so contract through an agent. The Fourteenth
Amendment, however, does not guarantee the citizen the right to
make within his State, either directly or indirectly, a contract, the
making whereof is constitutionally forbidden by the State. The
proposition that, because a citizen might make such a contract for
himself beyond the confines of his State, therefore he might authorize
an agent to violate in his behalf the laws of his State within her own
limits, involves a clear non sequitur, and ignores the vital distinction
between acts done beyond a State's jurisdiction." (155 U. S. 658,
659; 165 U. S. 587, 588.)
As was well said by the Supreme Judicial Court of Massachusetts,
" While the Legislature cannot impair the freedom of McKie to elect
with whom he will contract, it can prevent the foreign insurers from
sheltering themselves under his freedom in order to solicit contracts
which otherwise he would not have thought of making. It may pro-
hibit not only agents of the insurers, but also brokers, from soliciting
or intermeddling in such insurance, and for the same reasons " (175
Mass. 156). "
We are of opinion that the case at bar comes within Hooper v.
California, and not within Allgeyer v. Louisiana ; and that section
98 of the statute of Massachusetts, under which the plaintiff in error
INSURANCE COMMISSIONER. XV11
has been convicted, is not contrary to the Constitution of the United
States.
The effect of the other provision of the Massachusetts statute,
declaring that " all contracts of insurance on property, lives or
interests in this Commonwealth shall be deemed to be made therein,"
need not be considered ; because the defendant has been convicted,
not of the making of the contract, but of negotiating and transacting
that contract in Massachusetts.
Judgment affirmed.
Limit in a Single Kisk.
A fire insurance company may not insure in a single risk an
amount in excess of 10 per cent, of its net assets. The question
has been raised whether this means that the company may not
retain in a single risk an amount in excess of one-tenth of its
net assets, or that a company may not cover anything in excess
of that limit, no matter whether it secures itself by reinsurance
or not. Twice has this question been formally answered by
the legal department of the Commonwealth, first by Attorney-
General Pillsbury in 1891, and again by Attorney-General
Knowlton in 1899. Both opinions agree that reinsurance does
not count in ascertaining the largest amount in a single risk.
Fortified by these opinions, when the statement of the Nether-
lands covering the business of the year 1900 showed that it had
insured in a single hazard an amount largely in excess of what
the law allows, the facts were reported to the Attorney-General,
and a request made that the penalty be imposed. After con-
siderable correspondence with the attorney for the company,
the case went to the Supreme Court on an agreed statement of
facts, where it was referred to the full bench by Judge Morton.
Without doubt an opinion will be given within a short time
which will settle the vexed question.
Examinations.
The following is a list of the domestic fire insurance com-
panies which were examined by the department during the year
1901, under the provision of the law that requires that each
Massachusetts company be visited and examined by the Insur-
ance Commissioner, or some one representing him, as often as
once in three years : —
XV111
REPORT OF THE
NAME OF COMPANY.
When
previouely ex-
amined.
Saugus Mutual, .... * December, 1898.
Berkshire Mutual, October, 1898.
Groveland Mutual, December, 1898.
India Mutual, September, 1898.
Dorchester Mutual, September, 1898.
Salem Mutual December, 1898.
Merrimack Mutual December, 1898.
Dedham Mutual, December, 1898.
Norfolk Mutual, December, 1898.
Cambridge Mutual December, 1898.
Mercantile Fire and Marine September, 1899.
Barnstable County Mutual August, 1898.
Newburyport Mutual October, 1898.
Salisbury and Amesbury Mutual,
Springfield Fire and Marine, .
Mutual Fire Assurance, .
December, 1898.
October, 1898.
October, 1898.
Aside from these companies, the examinations of the year
included also the Berkshire Life Insurance Company ; the John
Hancock Mutual Life Insurance Company ; the Supreme Coun-
cil of the Royal Arcanum, at its request, as provided in the
fraternal law ; the Gloucester Mutual Fishing ; the Mutual
Boiler Insurance Company; and the Masons' Fraternal Ac-
cident Association, — all domestic companies. Two outside
companies also were examined, viz., the Colonial Fire of
Washington, D. C, which had applied for admission; and the
Frankfort Marine, Accident and Plate Glass Insurance Com-
pany of Germany, whose main office in this country is in New
York city. Both of these examinations were undertaken for
the reason that there was no alternative : in the case of the
Colonial there was then no insurance department in the District
of Columbia to undertake the examination, and in case of the
Frankfort it was not admitted to the State where it had its
principal office. At no time during the year has the depart-
ment made an examination of a company of another State where
that State had an insurance department to undertake the task.
insurance commissioner. xix
Finances of the Department.
The receipts of the insurance department for the year 1901
were the largest in its history, amounting to $88,397.25, against
$84,111.47 for 1900, which, up to that time, represented the
maximum amount of yearly revenues. As the total expendi-
tures on account of the department for the past year were
$42,612.55, a surplus accrued to the Commonwealth of $45,-
517.70. It thus appears that the department receipts were
more than twice as large as the total cost of its maintenance.
The enactment of chapter 106 by the present General Court
will reduce the income somewhat in the future, since no fees
will be charged life companies of other States doing business
in Massachusetts for valuing their policies, except that when
any other State charges Massachusetts companies for valuing
their policies, this department, under the operation of the re-
taliatory law which is still in force, will charge the same fees
to life companies of that State, if any there be, doing business
in Massachusetts. This remission of fees will reduce the
receipts of the department by about $12,000 annually, but it
will still net a very substantial surplus to the Commonwealth.
Respectfully submitted,
FRED'K L. CUTTING,
Insurance Commissioner.
RECEIVERS' REPORTS.
REPORTS OF RECEIVERS OF INSOLVENT FIRE
COMPANIES.
Firemen's Fire Insurance Company. — The International
Trust Company of Boston, receiver; appointed July 6, 1900.
At the beginning of the year 1901 it had a balance on hand of
$401,326.15; the receipts during the year have amounted to
$68.19, and there have been no disbursements, leaving a bal-
ance on hand Dec. 31, 1901, of $401,394.34.
Eastern Mutual Fire. — Fred H. Kidder, receiver, 82
Devonshire Street, Boston; appointed Feb. 2, 1897. The
receiver started the year 1901 with a balance of $480.19 on
hand, and collected during the year $1,500; he disbursed
$1,180.47, leaving a balance at the close of the year of $799.72.
Suffolk Mutual Fire. — James C. Davis, receiver, 65 Mason
building, Boston; appointed March 22, 1895. The receiver
began the year 1901 with a balance on hand of $73.43, and
there was no substantial change. He expects to go to the
court for authority to turn this amount over to the Treasurer
of the Commonwealth, as provided by law.
Commonwealth Mutual Fire. — William B. Stevens, re-
ceiver, 209 Washington Street, Boston ; appointed May 28,
1895. The receiver reports cash on hand Dec. 31, 1901,
$4,079.23. He has paid all claims on account of fire losses in
full, and as soon as a few minor details are disposed of, which
will be in the near future, the affairs of the receivership will be
closed. The administration of the affairs of the company by
the receiver involved the bringing of several hundred suits for
assessments in a large number of States, in several of which
the legality of such assessments was fought through the higher
courts, with a uniform record of final judgment for the receiver
on the law questions involved.
Melrose Mutual Fire. — Alpheus Sanford, receiver, Mason
Building, Boston; appointed Nov. 26, 1895. No statement
has been furnished by the receiver covering his transactions
during 1901.
COMPARATIVE TABLES.
Comparative Table A. — Massachusetts Mutual Fire Insurance
Companies.
190©. #
1901. •
Increase or
Decrease in 1901.
Assets (including contingent),
$37,892,734
$38,800,559
$907,825
Liabilities, ....
5,560,649
5,653,888
93,239
Cash surplus, .
6,078,221
6,190,800
112,579
Income,
6,150,865
6,267,068
116,203
Expenditures, .
5,843,328
6,077,746
234,418
Risks written, .
629,380,446
643,892,267
14,511,821
Net premiums received,
5,654,423
5,772,916
118,493
Risks outstanding, .
946,323,400
954,026,899
7,703,499
Losses paid,
1,131,494
1,072,837
— 58,657
Losses incurred,
1,119,595
1,194,226
74,631
Assessments collected,
6,140
12,091
5,951
Profits returned,
3,774,013
4,080,642
306,629
Expenses, .
879,607
901,759
22,152
* Forty-five companies.
Comparative Table B. — Massachusetts Mutual Fire-Marine
Insurance Companies.
1900.*
1901.*
Increase or
Decrease in 1901.
*
Assets,
$507,289
$565,999
$58,710
Liabilities, . . . .
233,823
241,415
7,592
Surplus,
273,466
324,584
51,118
Income,
459,083
475,190
16,107
Expenditures, ....
385,644
413,726
28,082
Risks written, ....
40,251,098
39,102,912
— 1,148,186
Net premiums received, .
404,689
462,641
57,952
Losses paid, ....
302,875
312,439
9,564
Losses incurred,
208,726
264,313
55,587
Risks outstanding, .
14,535,751
17,071,214
2,535,463
Expenses,
81,323
82,139
816
Scrip dividends declared,
-
-
-
Scrip redeemed,
-
-
-
Scrip outstanding, .
656,561
656,561
-
*
rwo companies.
XXV111
REPORT OF THE
Comparative Table C. — Massachusetts Joint- Stock Insurance
Companies.
1900.*
1901.*
Increase or
Decrease in 1901.
Cash capital
$3,400,000
13,900,000
1500,000
Assets,
10,086,004
11,271,010
1,185,006
Liabilities, ....
3,238,640
4,126,533
887,893
Surplus, ....
6,847,364
7,144,477
297,113
Income, ....
4,335,054
5,509,390
1,174,336
Expenditures,
4,065,237
. 4,878,711
813,474
Fire risks written,
393,327,892
496,093,445
102,765,553
Fire premiums received (net),
3,096,188
4,074,427
978,239
Marine risks written, .
163,376,424
162,851,627
— 524,797
Marine premiums rec'd (net),
877,654
983,778
106,124
Fire losses paid, .
1,892,827
2,231,926
339,099
Marine losses paid,
379,047
450,315
71,268
Fire losses incurred,
1,988,761
2,483,632
494,871
Marine losses incurred,
461,716
563,036
101,320
Fire risks outstanding, .
465,225,636
565,140,799
99,915,163
Marine risks outstanding, ' .
6,208,071
6,329,403
121,332
Expenses, ....
1,488,520
1,877,025
388,505
Cash dividends declared,
263,000
319,000
56,000
* Five companies.
INSURANCE COMMISSIONER.
XXIX
Comparative Table D. — Fire and Marine Insurance Companies
of Other States.
1900.*
1901. t
Increase or
Decrease in 1901,
Cash capita], ....
$ 49,1 02,875
$48,102,875
—$1,000,000
Assets,
230,771,689
243,309,903
12,538,214
Liabilities, . .
101,917,870
113,880,412
11,962,542
Surplus, ....
128,853,819
129,429,491
575,672
Income,
108,445,275
124,886,530
16,441,255
Expenditures,
105,985,295
116,136,114
10,150,819
Fire risks written,
12,182,519,749
13,529,866,059
1,347,346,310
Fire premiums received (net),
91,758,238
107,314,402
15,556,164
Marine risks written, .
1,981,774,948
2,031,338,525
49,563,577
Marine premiums recM (net),
7,355,927
8,017,772
661,845
Fire losses paid, .
54,526,500
59,334,621
4,808,121
Marine losses paid,
4,094,600
4,254,931
160,331
Fire losses incurred,
54,601,678
61,217,722
6,616,044
Marine losses incurred,
5,447,074
3,388,534
—2,058,540
Fire risks outstanding, .
15,180,765,417
16,248,106,443
1,067,341,026
Marine risks outstanding,
216,846,120
217,273,166
427,046
Expenses, ....
36,857,621
41,561,152
4,703,531
Cash dividends declared,
5,521,746
5,895,086
373,340
* One hundred and seventeen companies,
t One hundred and sixteen companies.
XXX
REPORT OF THE
Comparative Table E. — United States Branches of Foreign
Companies.
1900.*
1901. +
Increase or
Decrease in 1901.
Deposit capital,
$10,100,000
?8,600,000
— $1,500,000
Assets in United States,
71,026,504
70,414,468
—612,036
Liabilities in United States, .
43,225,538
40,'130,708
—3,094,830
Surplus, ....
27,800,966
30,283,760
2,482,794
Income,
54,285,354
55,582,824
1,297,470
Expenditures,
51,627,328
51,639,309
11,981
Fire risks written,
6,777,826,433
6,920,138,353
142,311,920
Fire premiums received (net),
47,481,575
50,655,244
3,173,669
Marine risks written, .
2,089,243,992
2,192,000,014
102,756,022
Marine premiums rec'd (net),
4,398,109
2,554,582
—1,843,527
Fire losses paid, .
31,145,912
31,657,774
511,862
Marine losses paid,
2,010,683
1,599,368
—411,315
Fire losses incurred,
31,074,738
32,387,850
1,313,112
Marine losses incurred,
2,192,359
1,762,919
—429,440
Fire risks outstanding, .
7,266,673,657
6,994,012,615
—272,661,042
Marine risks outstanding,
107,655,245
63,852,075
—43,803,170
Expenses, ....
18,457,713
18,350,864
—106,849
* Forty-seven companies,
t Forty companies.
INSURANCE COMMISSIONER.
XXXI
Aggregates of All the Companies.
1900.
1901.
Increase or
Decrease in 1901.
Cash capital, ....
$62,602,875
$60,602,875
—$2,000,000
Assets (including contingent
of mutual companies),
Liabilities, ....
350,284,220
154,176,520
364,361,939
164,032,956
14,077,719
9,856,436
Surplus,
152,929,942
173,373,112
20,443,170
Income,
173,675,631
192,721,002
19,045,371
Expenditures,
167,906,832
179,145,606
11,238,774
Fire risks written, .
19,989,698,570
21,597,903,826
1,608,205,256
Fire premiums rec'd (net), .
148,043,007
167,889,025
19,846,018
Marine risks written, .
4,268,502,412
4,417,379,376
148,876,964
Marine premiums re'd (net),
13,032,931
11,946,737
—1,086,194
Fire losses paid, .
88,730,129
94,338,215
5,608,086
Marine losses paid,
6,753,809
6,575,996
—177,813
Fire losses incurred.
88,820,641
97,327,843
8,507,202
Marine losses incurred,
8,274,006
5,934,389
—2,339,617
Fire risks outstanding, .
23,864,866,363
24,768,578,403
903,712,040
Marine risks outstanding,
339,366,934
297,234,211
—42,132,723
Expenses, ....
57,764,784
62,772,939
5,008,155
Cash dividends declared,
5,784,746
6,214,086
429,340
XXX11
REPORT OF THE INSURANCE COMMISSION KK.
Comparative Table F. — Massachusetts Business.*
Increase or
1900.
1901.
Decrease in 1901.
Fire risks written,
$1,273,859,676
$1,361,780,214
$87,920,538
Fire premiums received,
12,319,785
12,774,934
455,149
Fire losses paid, .
4,881,324
4,824,536
—56,788
Fire losses incurred,
4,951,240
4,861,515
—89,725
Marine risks written, .
458,729,473
470,807,590
12,078,117
Marine premiums received, .
1,964,000
1,831,940
—132,060
Marine losses paid,
1,007,916
754,712
—253,204
Marine losses incurred,
837,924
752,520
—85,404
* For details of this business see Table XIII.
Table G. — Fire Risks written, Premiums received and Losses
incurred in Massachusetts.
.
Premiums
YEAR.
Fire Risks Written.
Received.
Losses Incurred.
1878,
$558,019,711
$5,506,392
$2,438,121
1879,
520,814,369
5,026,482
2,500,451
1880,
609,132,542
5,479,552
3,005,273
1881,
642,542,633
5,845,354
2,884,047
1882,
686,030,272
6,244,053
4,915,949
1883,
710,197,514
6,896,367
3,763,949
1884,
655,613,160
7,067.149
3,865,956
1885,
661,380,951
7,402,583
3,132,235
1886,
694,473,662
7,838,425
3,369,294
1887,
765,304,046
8,371,714
3,136,774
1888,
832,038,483
8,702,006
4,444,322
1889,
825,962,689
8,601,963
9,284,464
1890,
871,117,341
9,039,865
3,798,502
1891,
863,343,089
8,719,803
5,104,694
1892,
960,872,674
10,006,986
4,140,396
1893,
1,030,196,564
10,727,167
8,329,015
1894,
986,624,142
10,518,365
5,182,490
1895,
1,020,680,686
11,032,012
4,029,954
1896,
1,063,078,568
11,248,934
4,801,014
1897,
1,161,264,907
11,999,382
3,785,399
1898,
1,147,230,625
11,371,974
5,664,369
1899,
1,188,040,192
11,457,578
5,715,845
1900,
1,273,859,676
12,319,785
4,951,240
1901,
1,361,780,214
12,774,934
4,861,515
Tota
Is,
$21,089,598,710
$214,198,825
$107,105,268
STATISTICAL TABLES.
XXXIV
REPORT OF THE
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INSURANCE COMMISSIONER.
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xl
REPORT OF THE
Table VI. — Massachusetts Joint-Stock Insurance Compan
Fire Business.
NAME OF COMPANY.
Ratio of
Risks
Premiums
Losses
Loss to Pre-
Written.
Received.
Paid.
miums Re-
ceived.
$37,670,375
$298,264
$140,520
47.10
80,651,759
543,685
380,665
70.02
44,107,447
220,166
125,334
56.90
20,083,192
90,234
95,227
105.53
313,578,672
2,922,078
1,490,180
50.99
American, ....
Boston, ....
Mercantile Fire and Marine,
North American,
it ^
Springfield Fire and Marine,
$2,231,926
54.79
Marine Business.
$450,315
45.77
Table VII. — Massachusetts Joint-Stock Insurance Companies.
NAME OF COMPANY.
Gross Cash
Income.
Ratio of
Gross
Cash Ex- i Expenses.* , _
Premiums
penditures. _,
Received.
Cash
Dividends
Declared.
American,
Boston, ....
Mercantile Fire and
Marine.
North American,
Springfield Fire and
Marine.
$319,831
1,725,085
240,604
107,922
3,115,948
$283,632
1,456,601
257,578
146,159
2,734,741
$125,112
495,304
116,244
45,804
1,094,561
41.94
32.43
52.--
50.76
37.47
$18,000
130,000
16,000
5,000
150,000
Totals,
$5,509,390
$4,878,711
$1,877,025
37.11 $319,000
* Excluding losses, dividends, return premiums and drawbacks and premiums on reinsurance.
INSURANCE COMMISSIONER.
xli
Table VIII. — Insurance Companies of Other States.
NAME OF COMPANY.
Cash
Capital.
Amount at
Risk
Dec. 31,1901.*
Gross
Assets.
Gross
Liabilities.
Surplus as
regards
Policy Hold-
ers Dec 31,
1901.
./Etna
$4,000,000
$578,734,131
$13,7t9,512
$4,212,340
$9,557,172
Agricultural,
500,000
214,701,700
2,337,159
1,133,917
1,203,242
Albany, ....
250,000
18,742,376
518,286
105,907
412,379
American (Newark), .
600,000
281,293,160
3,891,138
1,639,165
2,251,973
American Central,
1,000,000
141,472,975
3,142,083
950,422
2,191,661
American Fire (Phila.), .
500,000
188,063,693
2,303,387
1,722,173
581,214
American Lloyds,
-
23,284,894
582,537
169,020
413,517
American Mutual (Prov.),.
-
20,220,961
240,076
85,605
154,471
Assurance Co. of America,
200,000
36,878,839
588,344
300,033
288,311
Atlantic Mutual, .
-
150,805,410
10,972,349
2,612,512t
8,359,837
Blackstone Mutual,
-
50,627,808
588,331
207,522
380,809
British American,
200,000
17,227,465
342,378
118,572
223,806
Buffalo Commercial, .
200,000
20,066,226
358,884
136,394
222,490
Buffalo German,
200,000
73,360,279
2,058,460
434,115
1,624,345
Caledonian- American,
200,000
2,158,451
314,843
32,767
282,076
Camden Fire,
200,000
27,374,207
600,298
222,226
378,072
Capital Fire,
200,000
24,562,183
407,134
174,315
232,819
Central Manufacturers',
-
4,977,518
113,698
65,433
48,265
Citizens' (St. Louis), .
200,000
23,446,418
539,042
254,007
285,035
Colonial Assurance, .
200,000
30,093,478
545,154
300,419
244,735
Colonial (Washington),
200,000
6,806,224
262,438
60,558
201,880
Commerce
200,000
19,073,072
420,994
129,442
291,552
Commercial Union, .
200,000
15,338,657
351,676
116,595
235,081
Commonwealth, .
500,000
29,056,271
1,016,861
217.888J
798,973
Concordia, ....
200,000
101,907,727
928,975
652,191
276,784
Connecticut Fire,
1,000,000
328,391,270
4,275,758
2,345,655
1,930,103
Continental,
1,000,000
924,495,543
11,479,012
5,615,527
5,863,485
Delaware, ....
702,875
115,998,914
1,560,686
799,529
761,157
Detroit Fire and Marine, .
500,000
37,293,565
1,423,165
268,684
1,154,481
Dutchess
200,000
56,937,639
648,749
369,321
279,428
* Including perpetual fire risks.
X Including scrip outstanding, $12,400.
t Not including scrip outstanding, $6,584,560.
xlii
REPORT OF THE
Table VIII. — Insurance Companies of Other States. — Continued.
NAME OF COMPANY.
Cash
Capital.
Amount at
Risk
Dec. 31, 1901.*
Gross
Assets.
Gross
Liabilities.
Surplus as
re^.'irds
Policy Hold-
ers Dec. 31,
1901.
Empire City,
$200,000
$12,231,628
$321,045
$93,842
$227,203
Enterprise Mutual,
-
20,276,259
226,703
85,745
140,958
Equitable Fire and Marine,
400,000
66,398,550
996,643
482,780
513,863
Farmers' Fire,
-
61,908,842
777,379
446,372
331,007
Fire Association,
500,000
497,260,260
6,203,317
5,208,627
994,690
Fire Ins. Co., Co. of Phila.,
400,000
40,579,595
981,110
455,229
525,881
Fireman's Fund, .
1,000,000
251,959,833
4.441,734
2,120,832
2,320,902
Firemen's (Baltimore),
400,000
96,234,969
1,274,758
478,018
796,740
Firemen's (Newark), .
1,000,000
108,017,245
2,800,045
606,258
2,193,787
Firemen's Mutual,
-
82,987,337
1,069,248
337,418
731,830
Franklin Fire,
400,000
143,850,564
3,106,430
1,628,190
1,478,240
German (Freeport), .
200,000
347,603,412
4,035,132
2,660,685
1,374,447
German Alliance,
400,000
57,205,452
1,070,545
338,450
732,095
German- American,
1,000,000
686,958,844
9,278,757
3,845,514
5,433,243
German Fire (Pittsburgh),
200,000
40,879,289
539,824
289,620
250,204
Germania Fire, .
1,000,000
414,731,810
5,350,322
1,909,223
3,441,099
Girard Fire and Marine, .
300,000
119,911,400
1,961,877
1,112,522
849,355
Glens Falls
200,000
187,149,586
3,457,533
1,095,760
2,361,773
Granite State,
200,000
37,050,996
588,889
287,939
300,950
Greenwich, ....
200,000
304,588,274
2,047,142
1,774,198
272,944
Hanover Fire,
1,000,000
279,034,151
3,305,999
1,772,532
1,533,467
Hartford Fire, .
1,250,000
1,209,811,291
11,678,474
7,868,475
3,809,999
Home
3,000,000
976,562,175
15,111,370
6,237,121
8,874,249
Home Fire and Marine,
300,000
65,228,858
1,129,524
526,909
602,615
Hope Mutual,
-
28,728,974
233,248
145,016
88,232
Indemnity Fire, .
200,000
19,356,773
378,165
141,405
236,760
Indianapolis Fire,
200,000
9,621,445
373,094
88,039
285.055
Ins. Co. of North America,
3,000,000
662,217,379
9,962,498
5,374,933
4,557,565
Kings County,
200,000
16,941,093
399,471
112,460
257,011
Lafayette Fire, .
200,000
39,575,812
518,357
304,925
213,432
* Including perpetual fire risks.
INSURANCE COMMISSIONER.
xliii
Table VIII. — Insurance Companies of Other States — Continued.
NAME OF COMPANY.
Cash
Capital.
Amount at
Risk
Dec. 31, 1901*
Gross
Assets.
Gross
Liabilities.
Surplus as
regards
Policy Hold-
ers Dec. 31,
1901.
Liverpool & Lond. & Globe,
$200,000
$13,657,298
$384,537
$103,328
$281,209
Manufacturers' Mutual Fire,
-
38,062,038
462,094
153,656
308,438
Mechanics' (Philadelphia),
250,000
42,033,674
936,426
503,611
432,815
Mechanics' Mutual (Prov.),
-
24,756,953
253,317
100,393
152,924
Mechanics' and Traders', .
300,000
20,360,176
507,886
165,960
341,926
Mercantile Mutual,
-
21,587,114
183,495
121,024
62,471
Merchants' (Newark),
400,000
109,076,373
1,191,046
689,945
501,101
Merchants' Mutual (Prov.),
-
23,561,103
299,726
98,013
201,713
Michigan Fire and Marine)
400,000
42,084,707
818,622
292,946
525,676
Middlesex Mutual,' .
-
43,839,102
878,425
199,573
678,852
Millers' National,
200,000
25,221,257
736,035
320,349
415,686
Milwaukee Fire, .
200,000
23,556,580
466,414
194,471
271,943
Milwaukee Mechanics',
200,000
157,431,918
2,630,638
1,160,152
1,470,486
Nassau, ....
200,000
16,371,873
558,164
117,697
440,467
National, ....
1,000,000
506,668,065
5,471,716
3,064,686
2,407,030
National Standard,
200,000
37,230,491
620,565
306,995
313,570
National Union, .
500,000
17,588,528
886,777
160,391
726,386
Newark Fire,
250,000
29,773,987
694,940
152,483
542,457
New Hampshire Fire,
1,000,000
209,999,466
3,506,510
1,492,949
2,013,561
New York Fire, .
200,000
20,998,073
409,343
162,449
246,894
Niagara Fire,
500,000
295,483,754
2,986,549
1,772,504
1,214,045
No. British and Mercantile,
200,000
9,483,837
565,934
38,355
527,579
Northern Insurance, .
250,000
24,409,702
584,141
186,471
397,670
North German Fire, .
200,000
13,271,361
333,147
124,416
208,731
North River,
350,000
62,198,325
856,382
330,030
526,352
Northwestern National, .
600,000
259,367,015
3,132,200
1,508,534
1,623,666
Orient,
500,000
140,946,351
2,104,074
963,821
1,140,253
Pawtucket, ....
-
21,790,969
361,862
151,441
210,421
Pelican Assurance,
200,000
20,640,748
433,166
149,840
283,326
Pennsylvania Fire,
400,000
397,102,504
5,377,064
2,985,672
2,391,392
* Including perpetual fire risks.
xliv
REPORT OF THE
Table VIII. — Insurance Companies of Other States — Concluded.
NAME OF COMPANY.
Cash
Capital.
Amount at
Risk
Dec. 31, 1901.*
Gross
Assets.
Gross
Liabilities.
Surplus as
regards
Policy Hold-
ers Dec. 31,
1901.
Phenix (New York), .
$1,000,000
$671,420,358
$6,833,213
$4,282,362
$2,550,851
Philadelphia Manufacturers'
-
24,536,520
221,476
127,721
93,755
Phoenix (Hartford), .
2,000,000
451,024,543
5,743,811
2,779,943
2,963,868
Potomac
200,000
29,066,216
550,126
188,931
361,195
Providence Mutual, .
-
26,598,714
512,096
152,600
359,496
Providence "Washington, .
500,000
166,972,583
2,232,263
1,388,581
843,682
500,000
325,388,162
4,654,143
1,900,889
2,753,254
Reading Fire,
250,000
79,468,684
971,243
528,880
442,363
Reliance
300,000
63,195,353
1,025,231
529,820
495,411
Rhode Island Mutual,
-
52,451,857
657,684
211,619
446,065
Rochester German,
200,000
86,085,399
1,278,283
562,829
715,454
Security, ....
300,000
98,223,901
1,135,881
670,040
465,841
Spring Garden, .
400,000
97,456,260
1,418,713
915,706
503,007
State Mutual (Providence),
-
87,498,669
930,548
359,962
570,586
St. Paul Fire and Marine, .
500,000
190,894,113
2,922,090
1,639,745
1,282,345
Teutonia, ....
250,000
40,698,835
727,737
380,391
347,346
Traders', ....
500,000
130,824,083
2,443,087
1,052,642
1,390,445
200,000
44,278,665
561,480
333,512
227,968
United Firemen's,
300,000
92,677,149
1,622,030
1,150,974
471,056
United States Fire,
250,000
49,093,168
690,953
389,362
301,591
United States Lloyds,
-
12,618,529
906,475
335,171
571,304
Victoria, ....
200,000
8,192,922
269,925
71,773
198,152
"Westchester Fire,
300,000
303,323,661
3,123,839
1,701,759
1,422,080
Western (Pennsylvania), .
300,000
31,582,956
551,001
218,807
332,194
What Cheer Mutual, .
-
33,926,150
286,019
167,360
118,659
Williamsburgh City, .
250,000
150,546,438
2,209,321
785,587
1,423,734
Totals, ....
$48,102,875
$16,465,379,609
$243,309,903
$113,880,412
$129,429,491
* Including perpetual tire risks.
INSURANCE COMMISSIONER.
xlv
Table IX. — Insurance Companies of Other States.
Fire Business. '
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
! to Premiums
Received.
^Etna,
$492,095,524
$4,320,386
$2,571,954
59.54
Agricultural
164,453,500
1,073,465
521,682
48.62
Albany
15,881,380
110,537
55,276
50.03
American (Newark), ....
173,488,425
1,271,755
602,655
47.38
American Central, *
133,569,983
1,176,528
613,299
52.11
American Fire (Philadelphia), .
156,775,529
1,263,029
1,018,183
80.60
American Lloyds, ....
28,800,076
212,371
166,192
78.25
American Mutual (Prov.), .
21,681,259
163,422
21,356
13.07
Assurance Company of America,
53,761,834
402,977
218,907
64.32
Blackstone Mutual
52,949,607
398,731
13,262
3.33
British American, ....
21,384,282
146,592
83,919
57.25
Buffalo Commercial
18,083,252
157,595
102,443
64.98
Buffalo German,
51,200,965
408,098
219,966
53.91
Caledonian-American, ....
15,703,775
51,951
86,676
166.84
Camden Fire
26,033,682
206,478
75,125
36.38
Capital Fire
20,910,121
145,640
109,805
75.40
Central Manufacturers',
6,124,736
90,576
62,753
69.27
Citizens (8t. Louis)
91,079,594
231,481
119,504
51.62
Coionial Assurance, ....
36,070,782
312,121
222,562
71.32
Colonial (Washington),
8,565,387
80,414
39,095
48.63
Commerce,
15,930,876
147,267
78.843
53.54
Commercial Union, ....
25,790,012
141,019
80,944
57.40
Commonwealth,
34,512,782
246,494
144,747
58.70
Concordia,
78,832,263
616,996
368,911
59.79
Connecticut Fire
228,707,070
2,377,137
1,362,726
57.34
Continental,
611,682,411
!
4,921,885
2,648,854
53.82
Delaware,
80,008,696
681,371
391,931
57.51
Detroit Fire and Marine,
31,403,566
250,599
124,335
49.60
Dutchess,
41,817,962
377,486
206,476
54.70
Empire City
18,505,958
161,909
102,124
63.07
Enterprise Mutual
21,720,849
165,094
21,494
13.02
xlvi
REPORT OF THE
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Continued.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Lecived.
Equitable Fire and Marine, .
$56,414,107
$552,399
$314,234
56.88
Farmers' Fire,
39,667,550
384,668
252,143
65.53
Fire Association,
340,732,328
3,246,972
2,084,034
64.18
Fire Insurance Co., County of Phila.,
30,490,470
268,602
131,851
49.09
Fireman's Fund,
229,763,212
1,991,874
987,875
49.59
Firemen's (Baltimore),
95,995,986
566,824
295,765
52.19
Firemen's (Newark), ....
68,450,775
590,427
302,580
51.25
Firemen's Mutual, ....
86,969,165
654,611
18,388
2.81
Franklin Fire,
61,944,343
573,550
330,902
57.68
German (Freeport), ....
224,132,407
2,193,379
1,153,610
52.62
German Alliance,
50,393,927
372,137
206,574
55.52
German-American, ....
669,430,867
3,479,752
1,898,561
54.57
German Fire (Pittsburgh), .
32,890,810
301,810
153,489
50.86
Germania Fire,
250,236,851
1,670,479
769,354
46.07
Girard Fire and Marine,
47,008,370
406,321
192,998
47.50
Glens Falls,
112,418,615
983,509
538,216
54.72
Granite State,
34,287,201
326,498
197,229
60.40
Greenwich,
210,646,724
1,509,457
921,563
61.07
Hanover Fire,
267,751,892
1,798,011
1,186,852
66.02 •
Hartford Fire,
1,090,235,332
9,780,993
5,647,633
57.74
923,613,699
5,939,659
2,972,579
50.05
Home Fire and Marine,
63,242,990
609,796
281,104
46.10
Hope Mutual,
31,222,169
246,228
89,447
36.33
Indemnity Fire,
23,562,780
182,577
132,430
72.51
Indianapolis Fire,
11,608,787
113,305
38,466
33.95
Insurance Co. of North America,
578,469,994
4,488,747
2,814,319
62.69
22,326,098
129,658
75,481
58.20
46,942,914
408,680
225,530
55.18
Liverpool and London and Globe,
21,342,331
114,082
69,574
60.97
Manufacturers' Mutual Fire,
39,840,324
295,440
10,936
3.70
Mechanics' (Philadelphia), .
30,437,952
254,742
160,757
63.13
Mechanics' Mutual (Providence),
26,014,249
192,784
6,980
3.62
INSURANCE COMMISSIONER.
xlvii
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Continued.
NAME OF COMPANY.
Risks
"Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Mechanics' and Traders', .
$25,173,843
$197,620
$115,573
58.50
Mercantile Mutual, ....
23,514,305
190,394
56,265
29.55
Merchants' (Newark),
97,011,799
685,797
526,849
76.82
Merchants' Mutual (Providence),
24,714,268
188,636
6,010
3.19
Michigan Fire and Marine, .
38,657,901
344,175
228,484
66.39
Middlesex Mutual, ....
15,989,038
118,953
63,474
53.34
Millers' National,
17,445,627
406,011
386,693
95.24
Milwaukee Fire,
22,872,127
222,316
119,092
53.58
Milwaukee Mechanics',
118,957,377
1,055,430
589,259
55.86
Nassau,
12,974,679
81,008
72,229
89.16
National
520,605,644
3,433,159
1,751,880
51.03
National Standard, ....
56,024,251
404,948
216,775
53.54
National Union,
21,560,864
168,967
18,510
10.95
Newark Fire,
18,690,274
148,901
87,066
58.48
New Hampshire Fire
153,006,179
1,448,247
920,831
63.59
New York Fire,
25,000,260
199,742
138,075
69.16
Niagara Fire,
237,773,080
1,847,533
1,149,660
62.23
North British and Mercantile, .
18,541,107
52,948
16,202
30.59
Northern Insurance
30,273,141
223,474
121,940
54.56
North German Fire, ....
15,094,555
118,338
65,425
55.30
North River,
57,112,215
368,675
219,669
59.59
Northwestern National,
145,090,837
1,115,440
521,004
46.73
Orient,
127,054,015
1,060,832
808,504
76.20
Pawtucket,
5,645,175
79,533
32,701
41.12
Pelican Assurance, ....
26,407,020
193,596
86,437
44.65
Pennsylvania Fire, ....
269,343,016
2,156,913
1,449,024
67.18
Phenix (New York)
518,023,927
4,648,366
2,387,049
51.35
Philadelphia Manufacturers',
27,404,818
234,193
58,049
2.48
Phoenix (Hartford), ....
388,090,888
3,237,986
1,706,745
62.72
Potomac,
29,338,045
196,034
85,527
43.64
Providence Mutual
7,525,141
72,354
23,287
32.19
Providence Washington,
186,435,408
1,245,740
972,698
78.06
xlviii
REPORT OF THE
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Concluded.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Queen,
$277,953,937
$2,397,373
$1,422,328
59. ae
Reading Fire,
77,593,025
587,108
307,631
52.39
Reliance,
46,177,818
387,122
232,569
60.09
Rhode Island Mutual, ....
54,982,949
407,587
14,447
3.55
Rochester German, ....
77,486,139
599,548
323,537
53.96
Security,
82,146,486
582,685
308,503
52.94
Spring Garden,
73,287,075
519,070
271,129
52.23
State Mutual (Providence),
91,814,466
696,167
25,985
3.73
St. Paul Fire and Marine, .
144,845,250
1,947,255
988,215
50.75
Teutonia,
48,790,094
552,194
359,210
65.05
Traders',
132,661,427
1,219,852
806,211
66.08
Union,
36,738,149
313,484
174,379
55.63
United Firemen's, ....
42,629,931
371,257
206,694
55.67
United States Fire, ....
57,434,876
356,986
200,093
56.05
Victoria,
10,272,184
78,851
51,723
65.60
Westchester Fire, ....
234,409,571
1,890,947
1,103,604
58.38
Western (Pennsylvania), .
26,932,687
241,528
138,143
57.18
What Cheer Mutual, ....
36,836,304
291,704
99,150
33.99
Williamshurgh City, ....
99,511,510
788,050
382,631
48.55
Totals,
$13,529,866,059
$107,314,402
$59,334,621
55.29
Marine Business.
JEtna
Atlantic Mutual, .
Citizens' (St. Louis), .
Colonial Assurance,
Detroit Fire and Marine,
Equitable Fire and Marine,
Fireman's Fund, .
Greenwich, ...
Home
Home Fire and Marine,
$131,057,701
718,746,817
184,102
2,578,897
6,609,735
1,174,218
126,400,168
43,340,200
69,208,374
11,596,269
$333,008
3,446,423
276
66,581
63,234
16,744
364,095
202,795
230,869
88,306
$116,879
1,659,395
79
35,684
36,757
5,587
201,422
104,734
106,094
73,209
35.10
48.14
2.86
53.59
58.14
33.38
55.32
51.63
45.95
82.90
INSURANCE COMMISSIONER.
xlix
Table IX. — Insurance Companies of Other States — Concluded.
Marine Business — Concluded.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Insurance Company of No. America
Mechanics' and Traders',
New York Fire, .
Northwestern National,
Orient
Providence Washington,
Security,
St. Paul Fire and Marine,
Teutonia,
United States Fire,
United States Lloyds,
Western (Pa.),
Totals, .
$362,058,660
3,323,806
756,226
159,900,862
9,238,058
80,647,328
5,518,216
1,603,956
297,355,100
39,832
$2,031,338,525
$1,746,596
7,376
21,448
431,789
64,409
405,416
23,002
35,269
469,880
256
$981,258
381
29,250
3,174
5,276
237,971
41,980
216,694
9,294
26,203
363,610
56.17
5.17
143.00
55.12
65.18
53.45
40.41
74.28
77.38
$8,017,772
$4,254,931
53.07
REPORT OF THE
Table X. — Insurance Companies of Other States.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
^Etna,
$5,152,568
$4,954,521
$1,565,688
33.66
$700,000
Agricultural, ....
1,154,308
1,009,294
437,612
40.78
50,000
Albany,
140,293
122,990
44,857
40.60
20,000
American (Newark), .
1,436,120
1,196,200
531,673
41.80
60,000
American Central,
1,258,777
1,141,381
453,082
38.50
75,000
Ameriean Fire (Philadelphia), .
1,359,165
1,521,281
476,917
37.76
15,000
American Lloyds,
229,792
273,712
67,864
31.95
-
American Mutual (Providence),
171,942
175,824
12,055
7.38
-
Assurance Co. of America,
414,785
381,250
138,342
34.32
24,000
Atlantic Mutual, . .
3,835,435
3,562,912
497,005
14.42
-
Blackstone Mutual, .
417,904
368,260
30,538
7.66
-
British American,
154,474
135,574
51,655
35.24
-
Buffalo Commercial, .
170,486
163,979
56,535
35.88
5,000
Buffalo German, ....
494,947
467,647
172,799
42.34
60,000
Caledonian-American,
69,242
104,392
17,716
34.11
10,000
Camden Fire, ....
232,101
169,174
72,730
35.22
20,000
Capital Fire
162,087
175,064
61,259
42.08
4,000
Central Manufacturers',
93,283
97,940
25,709
28.38
-
Citizens' (St. Louis), .
242,394
223,159
103,575
44.60
-
Colonial Assurance, .
393,411
394,297
132,801
35.07
20,000
Colonial (Washington),
89,647
78,413
39,318
48.90
-
Commerce,
163,551
158,640
63,394
43.04
16,000
Commercial Union,
149,610
134,641
43,697
30.99
10,000
Commonwealth
282,322
258,117
83,370
33.82
30,000
Concordia, .....
657,336
673,004
283,672
45.98
20,000
Connecticut Fire,
2,539,125
2,381,750
919,024
38.66
100,000
Continental
5,320,623
4,722,522
1,823,599
37.06
250,000
Delaware,
738,216
727,682
314,665
46.19
21,086
Detroit Fire and Marine, .
377,051
323,283
106,973
34.10
50,000
Dutchess
399,262
352,930
134,254
35.58
12,000
Empire City, ....
170,042
181,474
79,349
49.01
-
Enterprise Mutual,
173,026
175,836
12,090
7.32
-
INSURANCE COMMISSIONER.
li
Table X. — Insurance Companies of Other States — Continued.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
Equitable Fire and Marine,
$603,591
$567,302
$219,481
38.57
$28,000
Farmers' Fire, ....
411,500
419,843
167,700
43.59
-
Fire Association,
3,516,463
3,569,976
1,274,431
39.24
200,000
Fire Ins. Co., County of Phila.,
307,685
266,334
110,482
41.14
24,000
Fireman's Fund
2,524,953
2,155,337
846,040
35.91
120,000
Firemen's (Baltimore),
617,411
575,595
206,182
36.38
72,000
Firemen's (Newark), .
716,864
639,420
235,945
39.95
100,000
Firemen's Mutual,
689,754
603,865
39,398
6.02
-
Franklin Fire, ....
698,537
679,931
266,328
46.43
80,000
Q-erman (Freeport), .
2,346,171
2,094,775
890,773
40.62
50,000
German Alliance, .
409,902
337,785
107,211
28.81
24,000
German-American,
3,799,712
3,424,854
1,226,293
35.23
300,000
German Fire (Pittsburgh),
324,077
307,161
133,672
44.30
20,000
Germania Fire
1,837,063
1,541,434
622,080
37.25
150,000
Girard Fire and Marine, .
504,019
493,244
231,026
56.85
60,000
Glens Falls,
1,159,550
1,056,765
418,548
42.55
100,000
Granite State
348,394
322,095
112,866
34.58
12,000
Greenwich,
1,818,136
1,791,717
745,008
43.52
20,000
Hanover Fire
1,944,210
1,955,441
688,589
38.30
80,000
Hartford Fire, ....
10,163,238
9,762,834
3,707,602
37.91
400,000
Home
6,860,889
5,668,282
2,110,396
34.19
390,000
Home Fire and Marine,
742,850
645,689
255,376
36.59
36,000
Hope Mutual, ....
256,811
299,555
22,903
9.30
-
Indemnity,
205,780
204,089
71,659
39.24
-
Indianapolis Fire,
130,178
85,128
46,663
41.18
-
Insurance Co. of North America,
6,620,378
6,307,825
2,133,613
34.22
360,000
Kings County, ....
153,182
137,168
51,459
39.68
10,000
Lafayette Fire
418,279
358,604
133,074
32.57
-
Liverpool and London and Globe,
131,118
104,203
34,630
30.35
-
Manufacturers' Mutual Fire,
310,152
268,050
19,873
6.73
-
Mechanics' (Philadelphia),
291,328
293,591
112,481
44.17
20,000
Mechanics' Mutual (Providence),
200,713
173,757
12,829
6.66
-
Mechanics* and Traders', .
225,826
199,582
83,629
40.80
-
Hi
REPORT OF THE
Table X. — Insurance Companies of Other States — Continued.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
Mercantile Mutual,
$196,823 •
$218,280
$31,895
16.75
_
Merchants' (Newark),
773,043
876,531
325,681
47.49
$24,000
Merchants' Mutual Providence, .
198,595
174,121
14,791
7.84
-
Michigan Fire and Marine,
378,597
394,970
150,486
43.73
16,000
Middlesex Mutual,
199,442
121,089
57,615
48.42
Millers' National,
439,709
484,453
97,760
24.08
"
Milwaukee Fire
241,001
220,110
99,673
44.83
Milwaukee Mechanics',
1,164,622
1,121,575
442,295
41.92
80,000
116,131
116,153
23,923
29.53
20,000
3,630,386
3,202,667
1,3:
38.77
120,000
National Standard,
418,190
379,923
139.14S
34.35
24,000
National Union
185,095
109,212
90,702
53.67
-
Newark Fire
177,168
188,812
75,958
51.01
25,000
New Hampshire Fire, .
1,598,002
1,597,763
569,242
39.31
100,000
New York Fire, ....
233,183
260,517
81,192
36.70
12,000
Niagara Fire
1,950,392
1,920,588
720,928
39.01
50,000
North British and Mercantile, .
68,199
34,611
18,409
34.77
-
Northern Insurance, .
258,484
209,329
87,399
39.10
-
North German Fire, .
126,488
116,353
50,929
43.05
-
North River
396,664
386,037
139,082
37.73
28,000
Northwestern National,
1,232,354
1,104,607
499,155
44.77
81,000
1,144,632
1,234,109
416,647
39.26
-
92,443
76,236
22,074
27.75
-
Pelican Assurance,
203,994
156,807
70,371
36.35
-
Pennsylvania Fire,
2,379,162
2,328,205
779.1S2
36.12
100,000
Phenix (New York), .
4,807,301
4,257,065
1,770,017
38.08
100,000
Philadelphia Manufacturers',
243,305
251,953
26,529
11.33
-
Phoenix (Hartford), .
3,503,079
3,188,958
1,202,213
37.12
280,000
Potomac,
221,664
202,760
93,233
47.57
24,000
Providence Mutual,
90,260
68,601
24,004
33.17
-
Providence Washington, . .
1,767,565
1,817,603
556,934
33.19
50,000
2,561,3S2
2,327,492
805,163
33.59
100,000
Reading Fire
624,760
552,065
213,900
36.43
30,000
INSURANCE COMMISSIONER.
liii
Table X. — Insurance Companies of Other States — Concluded.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
Reliance,
$425,183
$419,605
$169,036
43.66
$18,000
Rhode Island Mutual,
428,809
372,937
27,520
6.75
-
Rochester German,
649,306
595,553
251,868
42.02
20,000
Security,
686,387
647,111
271,932
42.02
24,000
Spring Garden, ....
597,270
650,851
227,179
43.77
28,000
State Mutual (Providence),
727,274
664,521
48,864
7.02
-
St. Paul Fire and Marine, .
2,470,307
2,052,678
797,769
33.91
50,000
Teutonia,
595,383
590,400
196,896
34.23
12,500
Traders',
1,312,420
1,326,725
470,514
38.57
50,000
Union,
330,362
329,634
137,797
43.96
12,000
United Firemen's,
443,563
409,035
163,675
44.09
30,000
United States Fire,
418,516
427,079
183,284
46.72
17,500
United States Lloyds, .
639,314
560,191
146,581
31.20
-
Victoria
86,773
79,182
27,459
34.83
15,000
Westchester Fire,
2,043,049
1,910,116
758,511
40.11
48,000
Western (Pennsylvania), .
319,657
251,161
95,018
39.30
18,000
What Cheer Mutual, .
305,386
348,023
29,129
9.99
-
Williamsburgh City, .
853,417
783,373
338,746
42.98
60,000
Totals,
$124,886,530
$116,136,114
$41,561,152
36.05
$5,895,086
liv
REPORT OF THE
Table XI. — United States Branches, Foreign Companies.
[All companies in this list have a deposit capital of $200,000, except those doing a marine
business, which have a deposit capital of $300,000, and are marked by an asterisk (*). Under
section 94, chapter 118, Revised Laws, all general deposits in excess of what is sufficient to en-
able the company to comply with the law as regards capital are counted as surplus funds.]
NAME OF COM-
PANY.
Location.
Amount at
Risk
Dec. 31, 1901.
Gross
Assets.
Gross
Liabilities.
Surplus as
regards Pol-
icy Holders
Dec. 31, 1901.
Aachen and Munich,
Aix-la-Chapelle,
$57,322,223
$863,775
$491,663
$372,112
Atlas Assurance, .
London, .
92,186,9501
910,212
621,198
289,014
British America, .
Toronto, .
118,809,611
1,074,045
800,346
273,699
British & For. Marine,*
Liverpool,
19,605,712
1,329,906
546,639
783,217
Caledonian, .
Edinburgh,
150,337,890
1,651,068
995,808
655,260
Cologne Reinsurance, .
Cologne, .
65,646,928
586,425
345,541
240,884
Commercial Union,
London, .
416,137,3821
3,561,532
2,798,946
762,586
Hamburg-Bremen,
Hamburg,
170,889,339
1,451,481
1,179,589
271,892
Imperial,
London, .
159,367,339
1,516,996
958,994
558,002
Law, Union and Crown,
London, .
36,054,261
610,207
281,509
328,698
Liv. & London & Globe,
Liverpool,
921,385,359t
10,316,391
1,017,003
9,299,388
Lon. Assurance (Fire),
London, .
182,573,999
1,577,448
937,410
640,038
Lon. Assur. (Marine),*
London, .
6,766,114
546,455
181,875
364,580
London and Lancashire,
Liverpool,
351,541,450
2,221,616
1,620,640
600,976
Manchester Assurance,
Manchester, .
190,349,213
1,615,641
1,224,003
391,638
Mannheim,* .
Mannheim,
12,789,670
392,744
91,091
301,653
Marine,* ....
London, .
6,276,479
476,908
190,515
256,393
Moscow, ....
Moscow, .
88,267,906
652,471
588,259
64,212
Munich Reinsurance, .
Munich, .
241,134,214
1,881,538
1,658,517
223,021
National,
Dublin, .
42,930,370
604,399
399,420
204,979
No. British & Mercantile,
London, .
441,596 7011
4,839,302
2,600,109
2,239,193
Northern Assurance, .
Londob, .
230,540,259
2,477, S57
1,433,503
1,044,354
North German,
Hamburg,
19,314,417
449,853
202,240
247,613
Norwich Union, .
Norwich,
259,226,668
1,983,085
1,445,051
538,034
Palatine, ....
London, .
104,073,054
1,285,930
782,925
503,005
Phoenix Assurance,
London, .
341,003,973
2,704,506
2,373,838
330.66S
Prussian National,
Stettin, . .
67,060,502
859,707
530,183
329,524
Reliance Marine,* .
Liverpool,
1,696,153
375, 3S5
34,122
341,263
Royal
Liverpool,
766,716,849f
6,935,227
4,714,960
. -.1,267
Royal Exchange, .
London, .
103,576,SS5
1,342,724
768,259
1
574,465
+ Including perpetual fire risks.
INSURANCE COMMISSIONER.
lv
Table XI. — United States Branches, Foreign Companies — Con.
NAME OF COM-
PANY.
Location.
Amount at
Risk
Dec. 31,1901.
Gross
Assets.
Gross
Liabilities.
Surplus as
regards Pol-
icy Holders
Dec. 31, 1901.
Salamandra, .
St. Petersburg,
$60,423,634
$775,808
$531,050
$244,758
Scottish Union & Nat'l,
Edinburgh,
367,690,544
3,748,064
1,869,810
1,878,254
Skandia
Stockholm,
92,799,632
768,730
515,335
253,395
State, ....
Liverpool,
12,078,136
315,554
102,410
213,144
Sun, ....
London, .
320,261,374
2,375,103
1,666,515
708,588
Svea, ....
Gothenburg, .
49,391,832
754,534
478,720
275,814
Thames and Mersey,* .
Liverpool,
5,242,152
534,876
213,666
321,210
Thuringia,
Erfurt, .
114,084,832
1,050,757
714,419
336,338
Union Assurance, .
London, .
126,306,271
1,190,112
807,904
382,208
"Western Assurance,
Toronto, .
244,408,413
1,806,096
1,416,673
389,423
$7,057,864,690
$70,414,468
$40,130,708
$30,283,760
lvi
REPORT OF THE
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lviii
REPORT OF THE
Table XIII. — Massachusetts Business for 1901.
Massachusetts Mutual Fire Companies.
NAME OF COMPANY.
Risks
Premiums
Contingent
u~
Losses
Written.
Received.
Assets.
Paid.
Incurred.
Abington
$1,776,005
$26,662
$26,6«2
$5,592
$4,714
Anniaquam,
73,800
-
2,369
116
116
Arkwright,
50,476,829
372,022
1,860,108
11,016
15,101
Atlas,
10,000
25
-
-
-
Attleborougb
575,270
4,041
8,082
736
336
Barnstable County,
2,086,976
37,273
111,818
10,088
10,588
Berkshire,
2,423.117
34,548
34,548
7.120
7,670
Boston Manufacturers',
61,231,692
442,323
2,211,614
19,232
22,261
Bristol County, ....
398,255
2,714
27,140
159
159
Cambridge, .....
5,960,748
94,337
-
27,582
29,392
Citizens',
6,301,318
85,304
85,304
21,090
22,677
Cobasset,
73,665
1,182
2,364
435
435
Cotton and "Woolen,
5,922,862
47,653
238,263
2,499
2,499
Dedham,
2,041,278
31,136
31,136
13,155
13,601
Dorchester,
9,491,578
153,611
153,611
49,264
46,439
Fall River Manufacturers',
17,483,195
131,323
656,615
5,585
6,444
Fitchburg,
4,475,250
61,860
61,860
26,699
28,120
Q-roveland
357,865
-
28,830
731
731
Hampshire,
880,932
13,832
13,832
1,897
1,897
Hingham,
6,288,715
93,572
93,572
40,641
38,300
Holyoke,
8,509,621
125,917
128,303
35,207
36,600
Industrial,
3,620,314
28,051
140,253
934
934
Lowell,
3,172,777
48,222
48,222
9,301
8,520
Lumber,
1,031,557
20,277
60,832
5,970
5,970
Lynn,
460,967
6,284
12,568
1,176
1,176
Merchants' and Farmers', .
4,730,759
70,781
70,781
19,525
19,960
Merrimack,
7,323,207
99,561
99,561
37,212
36,819
Middlesex,
11,365,736
171,434
172,252
46,420
Mutual Fire Assurance,
1,241,225
19,492
19,492
2,436
2,436
Mutual Protection,
1,649,173
25,786
25,786
6,348
6,355
Newburyport
130,000
1,981
7,924
1,967
1,967
Norfolk,
5,181,885
75,999
75,999
26,947
27,401
Paper Mill
5,071,022
35,269
176,344
969
1,569
Quincy,
7,267,815
106,973
106,973
30,102
29,602
Rubber Manufacturers',
5,185,676
41,413
207,066
934
934
Salem,
2,221,589
34,328
34,328
7,885
Salisbury and Amesbury, .
231,330
1,790
17,901
-
15
Saugus,
885,100
-
111,840
1,614
1,477
South Danvers, ....
147,250
3,057
9,170
270
270
Traders' and Mechanics', .
7,962,346
118,589
118,589
37,054
37,054
Western Massachusetts,
500
3
_
_
_
West Newbury
180,168
-
11,836
1,911
1,704
Whiting,
233,340
2,078
4,155
17
17
"Worcester Manufacturers',
21,560,963
158,223
-
4,397
5,550
"Worcester Mutual,
11,182,176
155,671
155,671
30,586
31,163
Totals,
$288,875,846
$2,984,597
$7,463,574
$552,819
$5-;
INSURANCE COMMISSIONER.
lix
Table XIII. — Massachusetts Business for 1901 — Continued.
Massachusetts Mutual Fire-Marine Companies.
Fire Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
$1,782,946 $19,952
$13,564
$13,077
Marine Business.
China,
India,
Totals,
$21,792,807
$21,792,807
$303,539
$303,539
$189,396
$189,396
$148,921
1,787
$150,708
Massachusetts Stock Companies.
Fire Business.
American, .
Boston,
Mercantile Fire and Marine,
North American, .
Springfield Fire and Marine,
Totals,
$5,608,854
9,697,015
10,650,958
5,575,427
18,722,403
$50,254,657
$46,570
108,279
86,963
61,220
175,010
$478,042
$23,120
48,203
16,423
38,961
81,197
$207,904
$25,866
49,297
19.461
39,247
81,324
$215,195
Marine Business.
Boston,
$55,606,085 $437,626 $270,282
$278,608
Companies of Other States.
Fire Business.
JElna, .
Agricultural, .
Albany, .
American (Newark),
American Central,
American Fire (Philadelphia),
American Lloyds,
American Mutual,
Assurance Company of America,
BlackBtone Mutual,
$33,435,055
8,693,600
1,837,888
5,430,266
4,441,322
5,605,816
2,252,950
4,827,628
2,018,471
16,139,798
$300,326
81,501
21,032
42,190
45,894
57,671
17,906
35,645
16,637
117,252
$115,991
35,048
3,904
17,539
10,742
52,180
1,320
3,095
7,639
4,836
$118,084
31,612
5,477
15,463
14,228
50,976
2,827
3,095
7,303
6,200
lx
REPORT OF THE
Table XIII. — Massachusetts Business for 1901 — Continued.
Companies of Other States — Continued.
Fire Business — Continued.
Risks
Premiums
— •
Losses
Losses
NAME OF COMPANY.
Written.
Received. ,
Paid.
Incurred.
British American, 1
$1,764,703 1
$17,595
$14,956
$14,532
Buffalo Commercial, j
685,358 j
6,064
1,873
2,124
Buffalo German,
1,943,747 !
14,858
8,710
9,396
Caledonian American 1
916,298
9,873
6,629
6.024
Camden Fire, j
1,495,337
19,730
2,910
3,206
Capital Fire, |
4,388,605
43,032
25,788
22,866
Central Manufacturers' Mutual, .
163,750
3,673
1,833
1,833
Citizens' (8t. Louis), '
2,898,860
35,959
12,525
15,468
Colonial Assurance,
1,919.439
19,568
7,623
8,294
Colonial Fire,
587,763
7,977
432
487
Commerce,
1,085,183
9,285
5,831
6,512
Commercial Union Fire,
1,523,218
14,321
7,266
4,561
Commonwealth,
4,182,892 ;
26,325
hjm
4,188
Concordia
2,385,294 !
30,693
11,435
9,732
Connecticut Fire
10,956,000
112,943
54,412
53,696
Continental,
16,509,702
170,184
84,535
80,703
Delaware,
4,239,785
46,917
25,844
27,107
Detroit Fire and Marine, ....
1,439,127
12.498
8,659
8,128
Dutchess
2,258,258
27,660
14,647
17,528
Empire City,
-
-
-
-
Enterprise Mutual,
4,821,947
35,725
3,095
3,095
Equitable Fire and Marine
6,126,879
52,418
19,828
19.985
Farmers' Fire,
1,760,574
25,213
18,171
18,761
Fire Association,
23,095,059
173,069
94,734
94,469
Fire Insurance Co., County of Philadelphia,
2,386,657
25,638
7,331
6,418
Fireman's Fund,
9,617,824
97,756
33,198
32,007
Firemen's (Baltimore), ....
2,570,351
30,205
17,028
15,420
Firemen's (Newark),
4,750,848
43,871
19,189
18,042
Firemen's Mutual,
29,696,514
216,158
6,029
7,520
Franklin Fire
3,1*1,572
29,808
17,026
19,358
German (Freeport)
4,941,421
38,534
11,803
10,815
German Alliance,
2,577,112
24,766
13,742
12,511
German American,
17,965,447
154,055
74,573
69,424
German Fire (Pittsburgh")
1,823,245
20,374
10,585
11,435
Germania Fire,
6,639,437
65,488
27,300
Girard Fire and Marine, ....
1,404,734
12,010
5,218
5,562
Glens Falls
4,733,472
40,181
22,343
22,274
Granite Ptate
6,367,603
70,783
33,791
31,384
Greenwich,
7,748,959
81,739
40,029
39,924
Hanover Fire
7,585,223
82,733
37,174
32,770
Hartford Fire,
25,023,798
262,256
115,733
Home
46,525,754
366,635
217,431
246,330
Home Fire and Marine, ....
2,887,525
27,569
8,537
7,617
Hope Mutual
2,711,660
21,657
1,308
1,322
Indemnity Fire
1,145,852
11,564
5,522
5,575
Indianapolis Fire,
281,717
2,608
41
141
Insurance Co. of North America,
27,487,527
285,470
112,617
117, 5S1
Kings County Fire
807,431
8,897
1.2S4
1,374
Lafayette Fire,
2,438,538
23,416
7,417
8,501
Liverpool and London and Globe,
~
-
"
-
Manufacturers' Mutual, ....
12,416,814
89,624
8,819
5,029
Mechanics'
1,332,036
13,083
5,110
4,900
Mechanics' Mutual,
7,253,668
52,038
2,539
3,196
Mechanics' and Traders', ....
3,279,191
14,669
11,328
8,704
Mercantile Mutual,
792,612
7,829
1,542
1,542
INSUKANCE COMMISSIONER.
lxi
Table XIII. — Massachusetts Business for 1901 — Continued.
Companies of Other States — Continued.
Fire Business — Concluded.
Risks
Premiums
Losses
Losses
name of company.
Written.
Received.
Paid.
Incurred.
Merchants' (Newark)
$6,141,166
$50,717
. $23,485
$29,338
Alerchants' Mutual,
6,596,948
48,349
1,520
1,697
Michigan Fire and Marine, ....
504,150
5,913
1,169
1,905
Middlesex Mutual,
2,020,822
28,911
12,261
12,879
Millers' National,
307,850
3,208
8
1,008
Milwaukee Fire
269,069
2,990
864
1,096
Milwaukee Mechanics', ....
1,795,336
21,712
5,131
7,290
Nassau, ........
568,805
5,928
939
389
National,
17,796,595
149,491
79,461
80,824
National Standard,
2,368,146
19,336
8,271
8,033
National Union,
305,164
2,583
_
569
Newark Fire,
668,467
5,996
3,781
3,856
New Hampshire Fire
15,704,268
144,819
98,970
72,855
New York Fire,
2,392,253
13,718
3,502
2,000
Niagara Fire,
14,072,529
155,599
95,805
94,239
North British and Mercantile,
2,378,846
9,186
227
487
Northern Insurance,
929,032
7,012
3,568
4,403
North German Fire,
268,800
3,203
3,490
4,265
North River
2,807,141
27,827
7,257
8,305
Northwestern National, ....
3,537,675
26,945
12,254
11,322
Orient,
6,166,317
44,689
23,893
17,667
Pawtucket Mutual,
641,526
10,437
1,743
2,365
Pelican Assurance
978,538
8,773
4,457
4,710
Pennsylvania Fire,
9,785,315
95,200
72,894
68,069
Phenix (New York)
15,085,837
138,824
55,931
54,261
Philadelphia Manufacturers',
1,366,612
10,792
696
696
Phoenix (Hartford),
16,272,805
136,204
64,216
60,287
Potomac, •.
948,320
11,854
682
2,449
Providence Mutual
676,805
8,320
2,868
2,868
Providence Washington, ....
14,278,770
130,671
56,892
59,111
Queen,
11,481,514
107,434
55,035
57,980
Reading Fire,
1,994,661
23,397
10,779
8,477
Reliance,
2,411,363
14,041
11,130
8,907
Rhode Island Mutual
18,514,574
133,141
5,298
6,601
Rochester German,
4,646,002
51,887
10,781
11,275
Security,
6,842,626
59,807
32,648
29,123
Spring Garden,
5,718.724
60,907
23,921
25,597
State Mutual Fire
31,747,617
233,782
11,199
12,597
St. Paul Fire and Marine, ....
5,389,433
45,489
17,635
17,841
Teutonia,
1,923,544
26,878
15,791
15,583
Traders',
4,168,806
50,973
18,851
17,672
Union
4,398,869
37,731
16,193
14,191
United Firemen's
2,653,879
30,553
18,545
18,730
United States Fire,
4,841,720
41,949
14,240
13,939
Victoria Fire,
610,211
4,489
19
144
Westchester Fire
6,886,839
71,991
35,616
34,497
Western,
1,444,074
14,287
5,990
5,999
What Cheer Mutual,
3,743,161
29,019
1,385
1,402
Williamsburgh City,
4,549,339
41,834
18,631
15,072
$701,805,977'
$6,281,844
$2,530,347
$2,524,066
lxii
REPORT OF THE
Table XIII. — Massachusetts Business for 1901 — Continued.
Companies of Other States — Concluded.
Marine Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
^Etna
Atlantic Mutual, .
Equitable Fire and Marine, .
Fireman's Fund
Home,
Home Fire and Marine,
Insurance Co. of North America,
Providence Washington,
St. Paul Fire and Marine,
United States Lloyds, .
Totals,
$2,620,881
60,265,173
694,250
5,184,591
588,100
791,772
32,725,117
11,818,847
1,342,720
2,607,558
$118,639,009
$69,260
358,704
14,584
34,917
15,877
4,944
209,876
60,559
31,000
4,799
$804,520
$20,302
57,775
4,180
7,768
1,940
61,605
17,582
19,354
1,478
$191,984
$28,661
57,775
8,205
9,498
8,480
62,500
16,157
18,881
1,846
$212,003
United States Branches, Foreign Companies .
Fire Business.
Aachen and Munich,
Atlas Assurance, .
British America, .
Caledonian, .
Cologne Reinsurance,
Commercial Union,
Hamburg-Bremen,
Imperial,
Law, Union and Crown,
Liverpool and London and Globe,
London Assurance (Fire),
London and Lancashire,
Manchester Assurance,
Moscow
Munich Reinsurance, .
National,
North British and Mercantile,
Northern Assurance, .
North German,
Norwich Union, .
Palatine, .
Phoenix Assurance,
Prussian National,
Royal,
Royal Exchange, .
Salamandra, .
Scottish Union and National
Skandia, ....
State
Sun, ....
Svea,
Thuringia,
Union Assurance, .
Western Assurance,
Totals, .
$2,739,898
5,098,945
3,323,381
7,273,950
4,765,269
15,096,904
6,153,326
9,574,058
1,405,010
26,597,355
15,027,529
13,740,682
7,255,253
17,389,730
4,739,877
15,591,691
10,223,980
894,852
13,510,371
13,950,524
11,440,714 I
2,823,826 I
41,016,424 i
7,342,451 |
3,337,917
16,163,633
7,062,313
1,325,637
15,534,335
2,526,619
3,596,652
6,880,967
5,651,715
$319,060,788
$36,540
53,670
36,332
80,127
43,542
148,191
62,575
97,001
11,531
281,828
114,000
115,392
72,973
158,922
73,884
150,187
79,012
9,108
118,508
145,026
126,211
20,840
326,102
73,978
33,447
150,546
41,340
10,679
139,072
30,317
44,530
54,094
70,994
-
$28,219
36,226
17,388
32,045
33,329
88,911
35,878
56,847
3,851
163,498
43,996
52,057
45,788
59,091
38,317
71,689
27,605
5,545
58,199
8,430
74,561
11,358
208,554
23,731
14,314
70,901
24,140
2,605
73,677
17,291
33,982
18,650
39,229
$3,010,499 ; $1,519,902
$29,259
35,575
14,790
37,587
26,203
87,541
37,298
59,260
5,047
158,459
40,803
50,897
41,909
61,160
33,250
76,362
27,027
5,530
58,820
14.2S0
80,663
11,195
217,779
24.476
16,602
78,284
33,970
4,357
66,817
17,377
31,431
23,210
41,157
$1,54S,405
INSURANCE COMMISSIONER.
lxiii
Table XIII. — Massachusetts Business for 1901 — Concluded.
United States Branches, Foreign Companies — Concluded.
Marine Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
British and Foreign Marine,
London Assurance,
Mannheim,
Marine
Reliance Marine, .
Thames and Mersey, .
Totals, .
$37,998,181
2,387,933
6,141,373
224,966,552
3,275,650
$163,093
24,016
28,170
56,043
14,933
$274,769,689
$286,255
$89,307
3,166
5,013
1,624
3,940
$103,050
$96,675
3,166
5,296
2,124
3,940
$111,201
Recapitulation.
Fire Business.
Massachusetts mutual fire companies,
Massachusetts mutual fire-marine com
panies,
Massachusetts joint-stock companies,
Companies of other States, .
United States branches,
Totals,
$288,875,846
1,782,946
50,254,657
701,805,977
319,060,788
$1,361,780,214
$2,984,597
19,952
478,042
6,281,844
3,010,499
$12,774,934
$552,819
13,564
207,904
2,530,347
1,519,902
$4,824,536
$560,772
13,077
215,195
2,624,066
1,548,405
$4,861,515
Marine Bttsiness.
Massachusetts mutual marine companies,
Massachusetts joint-stock companies,
Companies of other States, ....
United States branches
$21,792,807
55,606,085
118,639,009
274,769,689
$303,539
437,626
804,520
286,255
$189,396
270,282
191,984
103,050
$150,708
278,608
212,003
111,201
$470,807,590
$1,831,940
$754,712
$752,520
lxiv
REPORT OF THE
Table XIV. — Statement of the Receipts and Expenditures of the
Insurance Department for the Year ending Dec. 31, 1901.
[Made pursuant to chapter 522, section 17, Acts of 1894.]
Receipts.
Compensation for valuation of life insurance policies,
License fees, filing statements, certificates, etc.,
$29,4 19 03
58,711 22
$88,130 25
Expenditures.
Commissioner.
$3,500 00
Deputy Commissioner.
2,500 00
Actuary.
2,000 00
Examiner.
2,000 00
Clerks.
Arthur E. Linnell, first,
$2,000 00
William 0. Richardson, second,
.
1,500 00
Minnie F. Whipple, third, .
.
1,200 00
. 4,700 00
Extra Clerks
A. M. Hawes,
$ 1,200 00
L. G. Hodgkins,
1,166 66
C. E. Weis, .
, ■
1,000 00
M. E. Burrill,
1,000 00
E. L. Johnson,
1,000 00
S. E. Flint, .
1,000 00
F. M Robbins,
1,000 00
F. M. Pas:e, .
1,000 00
G. C. Studley,
900 CO
G. M. Hall, .
900 00
V. I. Bryant,
900 00
G. H Manks,
880 00
F. E. Gowell,
840 00
M. L. McMann,
840 00
L. H. Young,
840 00
E. G. Stevens,
840 00
G. L. Moore,
840 00
M. H. Dyer,
840 00
Amounts car
nedj
orwa
rd, .
'
•
616,986 66
$ 14,700 00
INSURANCE COMMISSIONER.
lxv
Table XIV. — Statement of Receipts, etc. — Concluded.
Amounts brought forward, ....
$16,986 66
$14,700 00
J. S. Davis, .... ...
840 00
B. B. Hadley, .
840 00
I. L. Baker, .
816 67
K. J. Connorton,
750 00
S. E. Gould,
635 00
M. V. Kelley, .
617 00
C. L. Sawyer,
560 00
K. L. Scheufele, .
495 00
E. P. Bancroft, .
426 66
A. P. Cromack, .
406 67
L. E. Brick ett, .
280 00
H. L. Richardson,
250 00
G. L. Hemenway,
221 67
A. A. Estes,
150 00
H. A. Stewart, .
140 00
24,415 33
Contingent Expenses.
Printing and binding,
$1,629 40
Postage,
289 95
Travelling and examination expenses,
433 69
Stationery and supplies,
759 00
Clerical and expert services,
107 00
Express, telegraph and telephone,
172 74
Books and newspapers,
53 50
51 94
3,497 22
Total expenditures for 1901,
$42,612 55
Fees collected and paid into the State treasury,
.
88,130 25
Surplus accrued t
o the
Con:
imon
wealt
h, •
$45,517 70
MASSACHUSETTS MUTUAL
FIRE INSURANCE COMPANIES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1901.
ABINGTON MUTUAL FIRE INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
ABINGTON MUTUAL FIRE INSURANCE COMPANY,
ABINGTON.
[Incorporated May 30, 1856. Commenced business June 15, 1857.]
ISAAC C. HOWLAND, President. ALFRED H. NASH, Secretary.
Amount of permanent fund,
Detailed Statement of Stocks,
South Abington (Mass.) bonds,
Omaha (Neb.) city bonds,
St. Paul (Minn.) bonds, .
Portland & Ogdensburg Railroad bonds,
Naumkeag Street Railway bonds, .
East Middlesex Street Railway bonds,
Trenton Passenger Railway bonds, .
Rockland & Abington Street Railway,
Concord & Montreal R.R. debentures,
Fitchburg R.R. bonds,
Maine Central R.R. bonds,
Boston United Gas Co. bonds, .
20 shares Union Pacific R.R., .
10 " State National Bank, Boston,
6 " Nat'l Hide and Leather B'k, Boston
14 " Metropolitan National B'k, Boston,
5 " Old Boston National Bank, Boston,
20 " South End National Bank, Boston,
13 " Abington National Bank, Abington
5 " Whitman National Bank, Whitman
14 " First National Bank, Salem,
21 " First National Bank, Danvers,
Illinois Central R R. bonds,
West End Street Railway bonds,
Bonds, etc.
Par Value.
$2,000 00
1,000 00
1,000 00
5,000 00
2,000 00
1,000 00
2,000 00
1,000 00
3,000 00
1,000 00
1,000 00
2,000 00
2,000 00
1,000 00
600 00
1,400 00
500 00
2,000 00
1,300 00
500 00
1,400 00
1,575 00
3,000 00
4,000 00
|41,728 54
Market Value.
$2,150 00
1,030 00
1,055 00
5,500 00
2,090 00
1,000 00
2,370 00
1,160 00
3,240 00
1,015 00
1,020 00
1,700 00
2,062 50
1,220 00
753 00
1,435 00
512 50
1,500 00
1,365 00
510 00
1,120 00
1,365 00
3,071 25
4,040 00
f41,275 00 $42,284 25
Summary of Assets Dec 31, 1901.
Cash value of unencumbered real estate, . $3,900 00
Loans on mortgage of real estate (first liens *) , 18,215 00
* Value of lands mortgaged $9,950 00
Value of buildings thereon ' 26,565 00
Amount of insurance held as collateral, .... 24,900 00
ABINGTON MUTUAL FIRE INSURANCE CO.
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
All other cash loans,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued,
Premiums in course of collection (gross)
Rents due and accrued,
Bills receivable, ....
Gross assets, ....
$231 99
42,284 25
300 00
1,308 05
16,264 97
392 95
),
1,341 24
36 50
1,393 14
885,668 09
Liabilities.
Unearned premiums on outstanding risks, . $42,958 16
Profits or surplus on terminated policies, unpaid, 532 14
Commissions and brokerage, .... 250 27
Gross liabilities,
43,740 57
Net cash assets,
$41,927 52
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums how in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
other
$1,408 50
26,768 70
$28,177 20
1,341 24
$26,835 96
1,157 36
sources, .
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for repairs on real estate,
for incidentals, ....
Gross cash expenditures, ....
$25,678 60
201 68
1,036 09
2,512 50
427 00
$29,855 87
$5,606 46
9,839 70
3,971 34
1,918 01
307 55
425 00
133 57
954 41
$23,156 04
ANNISQUAM MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, $5,718,894 00 $84,361 53 184,361 53
Risks written during 1901, . 1,783,005 00 26,768 70 26,768 70
Total $7,501,899 00 $111,130 23 1111,130 23
Risks terminated during 1901, . 1,767,370 00 26,110 27 26,110 27
In force at end of year, . . $5,734,529 00 $85,019 96 $85,019 96
Deduct amount reinsured, . 51,515 00 738 53 738 53
Net amount in force, . . $5,683,014 00 $84,281 43 $84,281 43
Miscellaneous.
Losses incurred during the year, $4,729 00
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
ANNISQUAM MUTUAL FIRE INSURANCE COMPANY,
GLOUCESTER.
[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.]
ELIAS DAVIS, President. JAMES S. JEWETT, Secretary.
[Note. — This company charges a cash premium adequate for expenses only, and relies
upon assessments on deposit notes to pay losses.]
Amount of permanent fund Dec. 31, 1900, .... $676 69
Increase during the year, 72 29
Permanent fund Dec. 31, 1901, $748 98
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bond, $500 00 $562 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *) , $4,313 94
Interest accrued thereon, .
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Assessments due, ....
Ofl&ce safe, $85 00
Gross assets, $8,975 24
Liabilities.
Return assessments on cancelled policies, . . . . $124 15
* Value of lands mortgaged, $3,900 00
Value of buildings thereon 6,900 00
Amount of insurance held as collateral, .... 6,563 00
132 11
562 00
56 78
3,900 81
9 60
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
Income.
Cash received from assessments, ....
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Gross cash income,
$451 00
244 50
165 86
f861 36
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals,. ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, . . . $333,655 00
Risks written during 1901 73,800 00
$407,455 00
86,050 00
Total,
Risks terminated during 1901, .
In force at end of year,
Miscellaneous
Losses incurred during the year,
$116
40
262
35
360 00
2
16
29
29
$770
20
Conting't Prem's.
$18,874 85
2,368 50
$21,243 35
5,199 50
$321,405 00 $16,043 85
$116 00
ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 8, 1860. Commenced business Oct. 1, 1860.
R. W. TOPPAN, President. D. W. BARTLETT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Commonwealth of Massachusetts, . . . $1*00,000 00 $100,000 00
Cambridge city bonds, 40,000 00 42,075 00
Boston city bonds, 20,000 00 20,875 00
Providence city bonds, 50,000 00 50,000 00
Waltham city bonds, 10,000 00 10,550 00
Lowell city bonds, 20,000 00 22,400 00
Worcester city bonds, 25,000 00 25,375 00
Fitchburg Railroad bonds, .... 60,000 00 65,950 00
Eastern Railroad bonds, 35,000 00 38,850 00
Old Colony Railroad bonds, .... 40,000 00 45,800 00
Boston & Lowell Railroad bonds, . . . 90,000 00 99,613 00
Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 52,225 00
Boston & Maine Railroad bonds, . . . 50,000 00 58,000 00
Philadelphia, Wilm. & Bait. R.R. bonds, . . 20,000 00 22,100 00
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
Par Value. Market Value.
Boston & Providence Railroad bonds, . . $20,000 00 $2 1,800 00
Lake Shore & Mich. Southern R.R. bonds, . 30,000 00 32,002 00
Pennsylvania Company bonds, . . . 30,000 00 33,675 00
Chic. June. R.R. & Union Stock Y'ds bonds, . 25,000 00 27,500 00
Boston & Albany Railroad bonds, . . . 30,000 00 32,250 00
Norwich & Worcester Railroad bonds, . . 50,000 00 56,250 00
N. Y., N. H. & Hartford R.R. bonds, . . 50,000 00 52,625 00
Concord & Montreal R.R. bonds, . . . 25,000 00 27,437 00
American Telephone & Tel. Co. bonds, . . 25,000 00 25,000 00
$895,000 00 $962,352 00
Summary of Assets Dec. 31, 1901.
Stocks, bonds, etc., as per schedule, . . . $962,352 00
Cash in the office of the company, . . . 136 00
Cash deposited in bank, 73,744 29
Interest due and accrued, 12,585 42
Premiums in course of collection (gross), . 8,273 39
Gross assets, $1,057,091 10
Liabilities.
Losses claimed and reported, .... $ 4,085 00
Unearned premiums on outstanding risks, . 482,098 16
State and local taxes 3,085 37
Gross liabilities, 489,268 53
Net cash assets, $ 567,822 57
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources,
$8,886 94
998,207 05
$1,007,093 99
8,273 39
$998,820 60
30,689 79
$968,130 81
37,852 95
Gross cash income, $1,005,983 76
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals, ....
Gross cash expenditures,
$29,294 83
837,608 81
25,265 00
9,890 54
2,701 67
15,317 78
7,150 57
$927,229 20
ATLAS MUTUAL INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Contlng't Prem's.
Risks outstanding Dec. 31, 1900, $117,829,110 00 $902,777 14 $4,513,885 70
Risks written during 1901, . 130,267,778 00 998,207 05 4,991,035 25
Total, . . . .$248,096,888 00 $1,900,984 19 $9,504,920 95
Risks terminated during 1901, 123,234,681 00 936,787 87 4,683,939 35
In force at end of year, . .$124,862,207 00 $964,196 32 $4,820,981 60
Miscellaneous.
Losses incurred during the year, $33,518 00
Profits or surplus returned during 1901, 92^q per cent.
ATLAS MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated February, 1892. Commenced business June 15, 1892.]
JOHN A. PRAY, President. JOHN C. RANDALL, Secretary.
Office^ 2 Mason Building,
Summary of Assets Dec. 31, 1901.
Cash deposited in bank, .... ... $21,49362
Liabilities.
Unearned premiums on outstanding risks, . $17 40
Miscellaneous, 35
Gross liabilities, 17 75
Net cash assets, $21,475 87
Income.
Cash premiums received, $34 80
Interest and dividends received from all sources, . . . 308 26
Gross cash income, # . . . $343 06
Expenditures.
Cash paid for losses, $721 72
Deduct salvage and reinsurance, . . . 152 55
Net cash paid for losses, $569 17
Cash paid for salaries of officers and employees, . . . 916 74
for State and local taxes, 35
for rents and incidentals, 510 00
Gross cash expenditures, $1,996 26
*
ATTLEBOROUGH MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Risks outstanding Dec. 31, 1900
Risks written during 1901,
Total
Risks terminated during 1901,
In force at end of year, .
Amount.
$17,750 00
11,000 00
$28,750 00
17,750 00
$11,000 00
Cash Prem's. Contlng't Prem's.
$51 95 $155 85
34 80 104 40
$86 75
51 95
$34 80
$260 25
155 85
$104 40
ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY,
ATTLEBOROUGH.
[Incorporated Feb. 24, 1844. Commenced business July, 1845.]
EVERETT S. CAPRON, President. HARRY E. CARPENTER, Secretary.
Amount of permanent fund Dec. 31, 1901, ....
Detailed Statement of Stocks, Bonds, etc.
Par Value.
Attleborough town bonds, .... $ 3,000 00
Pawtucket city bonds 2,000 00
$16,901 35
Market Value.
$3,510 00
2,300 00
$5,000 00 $5,810 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens*), $ 26,750 00
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash loans, ....
Cash in the office of the company,
Cash deposited in bank, .
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Net cash assets, $31,369 82
Income.
Premiums outstanding Dec. 31, 1900,
336 76
5,810 00
300 00
21 26
5,540 42
677 09
139,435 53
.
8,065 71
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
f 444 20
4,041 04
f4,485 24
677 09
$3,808 15
193 85
$3,614 30
* Value of lands mortgaged
Value of buildings tbereon,
Amount of insurance held as collateral, .
$19,000 00
40,200 00
37,000 00
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
Received for extra premiums,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Income from profit on sale of real estate,
Gross cash income,
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $2,340,368 00
Risks written during 1901, . 575,270 00
Total, $2,915,638 00
Risks terminated during 1901, . 560,955 00
Cash Prem's.
$15,236 07
4,041 04
$19,277 11
3,485 54
$58 98
966 68
134 50
42 00
900 00
$5,716 46
$736
19
197
12
911
03
124 66
36
00
146
81
$2,151 81
Conting't Prem's.
$30,472 14
8,082 08
$38,554 22
6,971 08
In force at end of year, . . $2,354,683 00
Miscellaneous.
Losses incurred during the year,
$15,791 57 $31,583 14
$336 00
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY,
YARMOUTHPORT.
[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.]
ALPHONSO L. WEEKES, President. JOHN H. CLARK, Secretary.
Amount of permanent fund,
Detailed Statement of Stocks,
20 shares State National Bank, Boston,
6
5
15
15
10
10
50
63
68
10
National Shawmut Bank, Boston,
Nat'l Bank of the Republic, Boston
Nat'l Bank of Redemption, Boston,
First National Bank, Yarmouth,
First National Bank, Hyannis,
Falmouth National Bank,
Massachusetts Real Estate Co.,
Old Colony Railroad,
Union Pacific Railroad, .
Southern Pacific Railroad,
Bonds, etc.
Par Value.
$2,000 00
600 00
500 00
1,500 00
1,500 00
1,000 00
1,000 00
2,000 00
6,300 00
6,600 00
600 00
$57,365 80
Market Value.
$2,460 00
1,440 00
750 00
2,250 00
1,800 00
1,000 00
1,000 00
700 00
13,167 00
6,892 00
600 00
10
BARNSTABLE COUNTY MUTUAL FIBE INSURANCE CO.
10 shares N. Y., New Haven & Hartford R.R.,
40 " West End Street Railway,
Bell Telephone Company bonds,
Erie Telephone Company bonds,
St. Louis Terminal R.R. Asso. bonds,
Fall River city bond,
Boston & Maine Railroad bonds,
Fitchburg Railroad bonds,
Iowa Falls & Sioux City Railroad bonds
Chicago & E. Illinois Railroad bonds,
Oregon Short Line Railroad bonds,
Illinois Steel Company bonds,
United States consols,
Farm mortgage bonds,
Atchison, Topeka & Santa Fe R.R. bonds
Illinois Central R.R. bonds,
Massachusetts State bonds,
Par Value.
1 1,000 00
4,000 00
4,000 00
4,000 00
3,000 00
1,000 00
12,000 00
4,000 00
2,000 00
2,500 00
500 00
1,000 00
1,500 00
100 00
1,000 00
2,000 00
1,000 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . $2,000 00
Loans on mortgage of real estate (first liens *) , 1,250 00
Stocks, bonds, etc , as per schedule, . . 82,474 00
Cash loans, 10,798 00
Cash in the office of the company, . . . 330 43
Cash deposited in bank, 7,895 59
Interest due and accrued, 1,459 80
Gross assets,
Liabilities.
Losses claimed and reported, .... $1,900 00
Unearned premiums on outstanding risks, . 67,609 23
Profits or surplus on terminated policies, unpaid, 801 75
State and local taxes, 59 80
Gross liabilities,
Market Value.
$2,110 00
4,120 00
3,960 00
4,200 00
3,435 00
1,060 00
13,800 00
4,260 00
2,680 00
3,045 00
590 00
1,010 00
1,680 00
100 00
1,030 00
2,240 00
1,095 00
$68,200 00 $82,474 00
$106,207 82
70,370 78
Net cash assets,
Income.
Cash premiums received,
Received for extra premiums,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
$35,837 04
$37,272 69
1,13
58 50
5,231 26
Gross cash income, $43,696 47
* Value of lands mortgaged, $500 00
Value of buildings thereon, 2,800 00
Amount of insurance held as collateral, .... "2,700 00
BERKSHIRE MUTUAL FIRE INSURANCE CO.
11
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$10,088 07
20,039
90
6,075
50
393
67
709
29
Gross cash expenditures, $37,306 43
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's .
Risks outstanding Dec. 31, 1900, $7,474,959 00 $131,577 26 $394,731 78
Risks written during 1901, . 2,086,976 00 37,272 69 111,818 07
Total, $9,561,935 00 $168,849 95 $506,549 85
Risks terminated during 1901, . 2,082,277 00 37,836 97 113,510 91
In force at end of year, . . $7,479,658 00 $131,012 98 $393,038 94
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 50 and 60 per cent.
$10,588 00
BERKSHIRE MUTUAL FIRE INSURANCE COMPANY,
PITTSFIELD.
[Incorporated March, 1835. Commenced business August, 1835.]
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary.
Amount of permanent fund, $57,271 91
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Western Union Telegraph Co. bonds, . . $1,000 00 $1,120 00
Chicago & Western Indiana R.R. bonds, . . 5,000 00 5,900 00
Baltimore & Ohio Railroad bonds, . . . 2,000 00 1,940 00
St. Paul & Sioux City Railroad bonds, . . 1,000 00 1,260 00
Pittsfield Elec. Street R'y Co. bonds, . . 2,500 00 2,500 00
Adams Express Co. bonds, .... 10,000 00 10,000 00
Chicago, Burlington & Quincy R.R. bonds, . 1,000 00 1,000 00
Pittsfield Cemetery bonds, .... 4,000 00 4,000 00
American Tel. & Telegraph Co. bonds, . . 8,000 00 8,000 00
Baltimore & Ohio Railroad stock, ... 200 00 194 00
100 shares Boston & Albany R.R., . . . 10,000 00 26,000 00
25 « N. Y. Cent. & Hudson R. R.R., . 3,200 00 5,216 00
19 " New Hampshire Trust Co., . . 1,900 00 570 00
12
BERKSHIRE MUTUAL FIRE INSURANCE CO.
100 shares Adams Express Co.,
55 " Pittsfield Nafl Bank, Pittsfield,
10 " Agricultural Nat'l B'k, Pittsfield,
12 " Third National Bank, Pittsfield,
15 " First National Bank, Adams, .
16 " Adams Natl Bank, North Adams,
10 " Lenox Nat'l Bank, Lenox,
4 " Lee National Bank, .
Par Value.
$10,000 00
5,500 00
1,000 00
1,200 00
1,500 00
1,600 00
1,000 00
400 00
Market Value.
$19,200 00
8,250 00
2,700 00
2,520 00
1,650 00
2,000 00
1,400 00
700 00
$72,000 00 $106,120 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
31, 1901.
$14,500 00
106,120 00
1,926 05
3,906 89
208 68
3,085 11
121 50
$129,868 23
Liabilities.
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Due and accrued for rent, salaries, etc., .
State and local taxes,
Commissions and brokerage, ....
Gross liabilities,
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$550 00
67,277 98
46 47
1,135 26
225 00
82 18
409 83
fiQ 70fi 79
$60 ; U1 51
$3,829 39
37,534 35
$41,363 74
3,085 11
Total,
Premiums now in course of collection,
Entire premiums collected, .... $38,278 63
Less reinsurance and return premiums, . . 3,239 54
Net cash premiums received, .... $35,039 09
Received for extra premiums, 355 69
Interest and dividends received from all sources, . . . 4,094 69
Income from rents, 1,077 06
Gross cash income, $40,566 53
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 13
Expenditures.
Cash paid for losses, ....
Deduct reinsurance,
Net cash paid for losses, ....
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for repairs on real estate,
for incidentals,
Borrowed money repaid, .
Gross cash expenditures, .
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $9,516,454 00
Risks written during 1901, . 2,635,132 00
$8,503 49
1,383 85
Total, . . . .
Risks terminated during 1901,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$7,119 64
15,313 20
4,586 76
3,266 00
457 69
450 00
242 27
2,020 07
$3,000 00
• ■ •
$33,455 63
Cash Prem's.
Conting't Prem's.
$136,665 69
$136,665 69
37,534 35
37,534 35
$12,151,586 00
2,401,636 00
$9,749,950 00
418,158 00
$174,200 04
34,109 26
$140,090 78
5,740 40
$174,200 04
34,109 26
$140,090 78
5,652 09
$9,331,792 00 $134,350 38 $134,438 69
Miscellaneous.
Losses incurred during the year, $7,670 00
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE
COMPANY, BOSTON.
[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.]
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Massachusetts State bonds,
Old Colony R.R. bonds, .
Boston & Albany R.R. bonds,
Brookline town notes,
Boston & Maine R.R. bonds,
Pennsylvania R.R. Co. bonds,
Par Value.
$250,000 00
120,000 00
50,000 00
20,000 00
50,000 00
50,000 00
Market Value.
$267,631 25
131,650 00
53,500 00
20,000 00
63,250 00
54,725 00
14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO.
N. Y. Central R.R. bonds,
Boston city bonds,
Eastern R.R. bonds,
United New Jersey Railway & Canal Co. bonds
Boston & Lowell R.R. bonds, .
Phila., Wil. & Baltimore R.R. bonds,
West End Street Railway Co. bonds,
Illinois Central R.R. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
N. Y., New Haven & Hartford R.R. bonds,
Great Northern Pacific bond, .
Par Value.
$100,000 00
40,000 00
25,000 00
50,000 00
75,000 00
40,000 00
50,000 00
30,000 00
20,000 00
20,000 00
10,000 00
Market Value.
$118,250 00
40,775 00
27,750 00
58,500 00
77,937 50
42,800 00
53,500 00
31,650 00
21,000 00
21,000 00
9,650 00
$1,000,000 00 $1,093,568 75
Summary of Assets Dec. 31, 1901.
Stocks, bonds, etc., as per schedule, . . $1,093,568 75
Cash loans, 4,411 88
Cash in the office of the company, . . . 13,974 37
Cash deposited in bank, 40,691 56
Interest due and accrued, 13,424 15
Gross assets, $1,166,070 71
Liabilities.
Losses claimed and reported, .... $3,369 00
Unearned premiums on outstanding risks, . 566,250 28
State and local taxes, 3,711 72
Gross liabilities 573,331 00
Net cash assets, $592,739 71
Income.
Premiums on risks written or renewed, .
Less reinsurance and return premiums, .
Net cash premiums received, . . . . —
Interest and dividends received from all sources,
$1,175,498 22
35,925 82
$1,139,572 40
38,741 47
Gross cash income, $1,178,313 87
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals, ....
$48,525 09
945,284 61
40,189 96
11,480 76
3,203 51
17,866 80
13,059 93
Gross cash expenditures, .
$1,079,610 66
BRISTOL COUNTY MUTUAL FIRE INSURANCE CO.
15
Risks and Premiums.
Amount. Cash Prem's. Conting't Prems.
Risks outstand'g Dec. 81, 1900, $137,438,173 00 $1,033,329 15 $5,166,645 75
Risks written during 1901, . 155,958,902 00 1,175,498 22 5,877,49110
Total, . . . .$293,397,075 00 $2,208,827 37 $11,044,136 85
Risks terminated during 1901, 144,596,715 00 1,076,326 80 5,381,634 00
In force at end of year, . .$148,800,360 00 $1,132,500 57 $5,662,502 85
$51,894 00
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 90^ per cent.
$3,366 07
BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY,
NEW BEDFORD.
[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.]
JAMES TAYLOR, President. GEO. N. ALDEN, Secretary.
[Note. — Policies are all issued for five years, ten per cent, of the premium note being
received in cash at the time of issuing the policy. The notes are assessed as necessity
requires. No cash funds are accumulated.]
Summary of Assets Dec. 31, 1901.
Cash in the office of the company, . . . $40 31
Cash deposited in bank, 3,263 41
Premiums in course of collection (gross), . 62 35
Gross assets,
Liabilities.
State and local taxes,
Commissions and brokerage, ....
Gross liabilities,
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Received for extra premiums, ....
Interest and dividends received from all sources,
Income from fees,
$2 62
9 38
$278 69
2,729 00
$3,007 69
62 35
$2,945 34
111 54
f 12 00
<§Z)<jdd
80
16
50
46
74
8 00
Gross cash income,
$2,905 04
16
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, . . . $2,027,955 00
Risks written during 1901, .... 399,755 00
12,427,710 00
501,950 00
Total,
Risks terminated during 1901, .
In force at end of year, .
Miscellaneous
Losses incurred during the year,
|368
53
176
36
1,100 00
29
13
244
12
fl,908
14
Conting't Prem'«.
S 136,389
00
27,290 00
$163,679 00
34,336 00
? 1,925,760 00 $129,343 00
$159 00
CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY,
CAMBRIDGE.
[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.]
DANA W. HYDE, President. ALFRED L. BARBOUR, Secretary.
Amount of permanent fund, $130,688 77
Detailed Statement of Stocks,
Cambridge city bonds,
West End Street Railroad bonds,
Highland Street Railroad bonds,
North Packing Co. bonds,
Eastern Railroad bonds, .
Boston & Lowell R.R. bonds, .
Fitchburg Railroad bonds,
N. Y., N. H. & Hartford R.R. bonds,
15 shares National City Bank, Cambridge,
1 share Framingham National bank,
Bonds, etc.
Par Value.
$5,000 00
5,000 00
4,000 00
5,000 00
1,500 00
5,000 00
9,000 00
10,000 00
1,500 00
100 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . 868,800 00
Loans on mortgage of real estate (first liens *), 97,733 00
Market Value.
$5,510 00
5,000 00
4,200 00
5,000 00
1,700 00
5,640 00
9,890 00
11,800 00
2,250 00
140 00
$46,100 00 $51,130 00
* Total value of property mortgaged,
Amount of insurance held as collateral,
$]s:,600 oo
117,700 00
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
17
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash loans,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $7,967 36
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
$1,724 46
50,457 50
3,000 00
2,221 39
5,385 06
563 58
16,049 08
803 83
$4,692 19
1,200 00
175,879 79
9,459 42
2,407 35
Income.
Premiums outstanding Dec. 31, 1900, . . $ 23,559 27
Same not collected, 1,862 36
Net collected, $ 21,696 91
Premiums on risks written or renewed, . . 108,76105
Total, $130,457 96
Premiums now in course of collection, . . 24,016 44
Entire premiums collected, .... $106,441 52
Less reinsurance and return premiums, . . 4,873 47
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for expense on real estate,
for incidentals,
Borrowed money repaid, .
Gross cash expenditures, .
$7,000 00
$246,737 90
193,638 75
$53,099 15
$101,568 05
538 18
3,500 51
2,844 32
6,957 89
$115,408 95
$30,381 52
40,936 29
14,688 56
10,305 00
1,178 57
1,000 00
4,665 22
6,203 59
$109,358 75
18 citizens' MUTUAL INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, §22,305,619 00 $352,62108 *352,6i
Risks written during 1901, . 6,780,783 00 108,761 05 108,761 05
Total, f 29,086,402 00 8161,382 13 $461,382 13
Risks terminated during 1901, . 6,589,257 00 104,560 87 104,560 87
In force at end of year, . .$22,497,145 00 8356,82126 8356,82126
Deduct amount reinsured, . 102,883 00 1,605 15 1,605 15
Net amount in force, .' .§22,394,262 00 8355,216 11 8355,216 11
Miscellaneous.
Losses incurred during the year, $ 31,992 00
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
CITIZENS 1 MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated March 7, 1S46. Commenced business Oct. 6, 1S46.]
HENRY C. BIGELOW, President. T. WALLACE TRAVIS, Secretary.
Office, S Exchange Place.
Amount of permanent fund, $174,441 91
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
20 shares Hide & Leather Natl Bank, . . ? 2,000 00 ?2,700 00
Butchers 1 S. & M. Association bonds, . . 4,000 00 4,000 00
Denver Land & Security Co. bonds, . . 1,800 00 1,800 00
$7,800 00 $8,500 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . §24,000 00
Loans on mortgage of real estate (first liens *), 289,965 00
Interest due or accrued thereon, . . . 3,945 77
Stocks and bonds, as per schedule, . . . 8,500 00
Cash loans 1,200 00
Cash in the office of the company, . . . 1,551 67
Cash deposited in bank, 7,749 57
Interest due and accrued, 83 38
Premiums in course of collection (gross), . 3,649 43
Rents due and accrued, 290 00
Gross assets, f 340,93.
* Value of lands mortgaged, £141,950 00
Value of buildings thereon 41S,100 00
Amount of insurance held as collateral, .... 353,250 00
citizens' MUTUAL INSURANCE CO.
19
Gross cash income,
Liabilities
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid
Commissions and brokerage, .
Gross liabilities, ....
Net cash assets, . . .
Income
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
$1,550 00
192,815 88
3,390 71
548 05
Expenditures.
Cash paid for losses, . . •
Deduct reinsurance,
Net cash paid for losses, ....
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for repairs on real estate,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $29,981,985 00
Risks written during 1901, . 6,301,318 00
$4,322 46
85,304 13
$89,626 59
3,649 43
,977 16
4,063 60
sources,
$21,126 67
36 60
$198,304 64
$142,630 18
$8.1,913 56
801 44
14,458 24
897 98
918 00
$98,989 22
Total, $36,283,303 00
Risks terminated during 1901, . 6,773,243 00
In force at end of year,
Deduct amount reinsured,
.$29,510,060 00
68,700 00
Cash Prem's.
$413,589 01
85,304 13
$498,893 14
92,899 15
$405,993 99
977 40
$21,090 07
45,431 96
12,702 09
8,859 30
1,419 88
2,100 00
459 86
3,065 04
$95,128 20
Conting't Prem's.
$413,589 01
85,304 13
$498,893 14
92,899 15
$405,993 99
977 40
Net amount in force, . .$29,441,360 00 $405,016 59 $405,016 59
20
COHASSET MUTUAL FIRE INSURANCE CO.
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
$22,677 00
COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET.
[Incorporated March 18, 1845. Commenced business March 16, 1846.]
CALEB F. NICHOLS, President. PHILANDER BATES, Secretary.
Summary of Assets Dec 31, 1901.
3 shares Merchants Nat'l Bank stock,
Cash deposited in bank,
Premiums in course of collection (gross),
Office furniture, . . . . $60 00
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Balance against company, .
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Expenditures.
Cash paid for, losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
$525 00
289 '62
55 68
$22 68
1,181 85
$1,204 53
55 68
$1,148 85
88 71
Interest and dividends received from all sources, .
Gross cash income,
$870 30
2,673 42
$1,803 12
$1,060
14
6
15
29
93
$1,096 22
$435 00
474 70
241 22
10 09
50 00
4 07
Gross cash expenditures,
$1,215 08
COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 21
Risks and Premiums.
Risks outstanding Dec. 31, 1900
Risks written during 1901,
Total, ....
Risks terminated during 1901,
In force at end of year, .
Amount.
$354,725 00
73,665 00
$ 428,390 00
84,640 00
Cash Prem's. Conting't Prem's.
$5,492 05 $14,045 00
1,181 85
$6,673 90
1,347 30
$343,750 00 $5,326 60
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 15, 30 and 50 per cent.
2,363 70
$16,408 70
3,890 06
$12,518 64
$435 00
COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSUR-
ANCE COMPANY, BOSTON.
[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.]
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement
Chicago Terminal Transfer RR. bonds,
New England Tel. & Tel. Co. bonds,
American Bell Telephone Co. bonds,
Bangor & Aroostook R.R. bonds,
American Writing Paper Co. bonds,
American Tel. & Tel. Co. bonds,
Fitchburg Railroad bonds,
Chicago, Burl. & Quincy R.R. bonds,
Maine Central R.R. bonds,
Portland & Ogdensburg R.R. bonds,
Lynn & Boston Street R.R. bonds, .
Boston & Lowell R.R. bonds, .
N. Y. Cent. & Hudson River R.R. bonds,
West End Street R'y bonds, .
of Bonds.
Par Value.
$20,000 00
38,000 00
15,000 00
15,000 00
5,000 00
20,000 00
18,000 00
10,000 00
26,000 00
10,000 00
10,000 00
10,000 00
15,000 00
25,000 00
Market Value.
$18,000 00
39,250 00
14,925 00
17,850 00
3,400 00
19,900 00
19,980 00
10,850 00
28,860 00
10,800 00
10,500 00
10,250 00
14,700 00
26,212 50
$237,000 00 $245,477 50
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets
$245,477 50
7,426 24
14,151 09
3,569 74
11,138 55
$281,763 12
22 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, 845,937 28
Unearned premiums on outstanding risks, . 175,716 18
State and local taxes, 658 52
Gross liabilities,
$222,311 98
Net cash assets,
►,461 14
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
89,470 46
365,580 36
Total, $375,050 82
Premiums now in course of collection, . . 11,138 55
Cash premiums received, 1 363,9 12 27
Interest and dividends received from all sources, . . . 12,776 43
Gross cash income, .
. 8376,688 70
Expenditures.
Cash paid for losses, . . .
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for joint office expenses, .
for inspections, ....
for incidentals, ....
Gross cash expenditures, ....
•5138324 03
285,135 53
7,511 67
5,002 40
10,946 10
12,608 77
L956 47
8461,984 97
Risks and Premiums.
Amount. Cash Prem's. Contingt Prem's.
Risks outstanding Dec. 31, 1900, $45,586,009 00 §391,957 20 11,959,786 00
Risks written during 1901, . 42,279,361 00 365,580 36 1,827,901 80
Total, $87,865,370 00 $ 757,537 56 §3,787,687 80
Risks terminated during 1901, . 50,735,532 00 406,105 20 2,030,526 00
In force at end of year, . . $37,129,838 00 $351,432 36 §1,757,161 80
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 68£ per cent.
$183,788 00
DEDHAM MUTUAL FIRE INSURANCE CO.
23
DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.]
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary.
Amount of permanent fund,
Detailed Statement of Stocks
Boston city bonds,
Cincinnati city bonds,
Salem city bonds,
Lynn city bonds,
Fitchburg Railroad bonds,
Boston & Lowell Railroad bonds, .
Eastern Railroad bonds, ....
Boston & Maine Railroad bonds,
Kan. City, St. Jos. & Coun. Bluffs R.R. bonds
Atch., Topeka & Santa Fe R.R. bonds, .
Lombard Investment Co. bonds,
New England Mortgage Security Co. bonds,
Newport & Richford Railroad bonds,
Philadelphia & Reading R.R. bonds,
Union Pacific Railway bonds, .
St. Johnsbury & Lake Champlain R.R. bonds
N. Y., New Haven & Hartford R.R. bonds,
N. H. Trust Co. bonds
Western Security Co. bonds, .
12 shares Dedham National Bank stock,
32 " Dedham Water Co. stock,
128 " Atch., Top. & Santa Fe R.R. stock
50 " Union Pacific Railway stock, .
13 " Lombard Liquidation Co. stock,
and Bonds.
Par Value.
$2,000 00
6,000 00
3,000 00
3,000 00
5,000 00
11,000 00
1,000 00
6,000 00
2,000 00
12,000 00
1,580 00
2,000 00
8,000 00
5,000 00
3,500 00
6,000 00
5,000 00
. 3,000 00
6,000 00
1,200 00
3,200 00
12,800 00
5,000 00
65 00
,765 77
Market Value.
$2,240 00
6,000 00
3,150 00
3,360 00
5,357 50
12,346 25
1,130 00
7,500 00
2,300 00
11,600 00
400 00
2,000 00
8,856 25
6,350 00
3,500 00
7,500 00
5,450 00
1,500 00
600 00
1,200 00
3,200 00
11,550 00
4,250 00
65 00
$113,345 00 $111,405 00
Summary of Assets Dec
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
31, 1901.
$37,300 00
1,223 84
111,405 00
1,194 26
2,946 23
1,424 67
3,242 10
$158,736 10
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$25,600 00
47,500 00
47,650 00
24
DEDHAM MUTUAL FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid
Commissions and brokerage, .
Gross liabilities
Net cash assets,
8566 87
49,449 64
166 72
2,624 70
486 31
$53,293 24
$105,442 86
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
$3,372 76
31,136 27
834,509 03
3,242 10
$31,266 93
278 20
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $6,254,777 00
Risks written during 1901, . 2,041,278 00
130,988 73
1,798 50
5,085 06
$37,872 29
$13,154 53
14.045 60
4,509 66
4,472 94
361 50
395 00
931 26
$37,870 49
Cash Prem's. Conting't Prem's.
$96,786 72 £96,786 72
31,136 27 31,136 27
Total, $8,296,055 00
Risks terminated during 1901, . 1,902,484 00
127,922 99 §127.922 99
29,976 44 29,976 44
In force at end of year,
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 25, 50 and 70 per cent.
,393,571 00 $97,946 55 ?97,946 do
$13,601 00
DORCHESTER MUTUAL FIRE INSURANCE CO.
25
DORCHESTER MUTUAL FIRE INSURANCE COMPANY,
BOSTON.
[Incorporated February, 1855. Commenced business July, 1855.]
THOMAS F. TEMPLE, President. W. D. C. CURTIS, Secretary.
Office, Neponset.
Amount of permanent fund,
. $200,000 00
Detailed Statement of Stocks and Bonds.
Par Value.. Market Value.
Fitchburg R.R. bonds, $22,000 00 $24,200 00
Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 11,075 00
56 shares Blue Hill National Bank, . . 5,600 00 5,880 00
8 " Hide and Leather National Bank, . 800 00 1,000 00
10 " New England National Bank, . 1,000 00 1,500 00
33 " State National Bank, . . . 3,300 00 4,026 00
10 " Mt. Wollaston National Bank, . 1,000 00 1,400 00
5 " Granite National Bank, ... 500 00 650 00
5 " Weymouth National Bank, . . 500 00 550 00
304 " Boston & Albany Railroad, . . 30,400 00 79,344 00
273 " Old Colony Railroad, . . . 27,300 00 57,330 00
75 " Boston & Maine Railroad, . . 7,500 00 14,325 00
56 " Boston & Lowell Railroad, . . 5,600 00 13,496 00
96 " Chad wick Boston Lead MTg Co., . 9,600 00 9,600 00
300 " International Trust Co., . . . 30,000 00 90,000 00
$155,100 00 $314,376 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash deposited in bank, .
Premiums in course of collection (gross)
Rents due and accrued,
Gross assets, ....
31, 1901.
$29,800 00
15,400 00
550 00
314,376 00
8,636 66
18,057 30
120 00
$386,939 96
Liabilities.
Losses claimed and reported, .... $700 00
Unearned premiums on outstanding risks, . 241,471 11
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$9,000 00
12,800 00
15,000 00
26
DORCHESTER MUTUAL FIRE INSURANCE CO.
Profits or surplus on terminated policies, unpaid, £2,345 00
Commissions and brokerage, .... 2,354 00
Gross liabilities, ....
Net cash assets, ....
Income
Premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employ
for State and local taxes,
for rents,
for repairs on real estate,
for interest on borrowed money,
for incidentals,
Borrowed money repaid, ....
Gross cash expenditures, .
$20,958 94
1,125 00
$19,833 94
160,775 54
$180,609 48
18,057 30
$162,552 18
2,949 54
sources,
ees,
$16,201 31
$246,870 11
$140,069 85
$159,602 64
821 13
2,300 00
12,693 70
1,085 00
$176,502 47
$50,649 04
55,281 81
24,536 02
9,110 42
3,521 65
600 00
350 00
600 00
3.261 49
$147,910 43
Risks and Premiums.
Amount. Cash Prems. Conting't Prem's.
Risks outstanding Dec. 31, 1900, $29,317,435 00 $4:55,744 31 $455,744: 31
Risks written during 1901, . 9,922,137 00 160,775 54 160,775 54
Total, .... $39,239,572 00 $616,519 85 $616,519 85
Risks terminated during 1901, 8,931,712 00 138,198 70 138,198 70
In force at end of year, . . $30,307,860 00 $478,32115 $478,32115
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 27
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
$47,824 00
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE
COMPANY, FALL RIVER.
[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.]
THOMAS J. BORDEN, President. CHARLES S. WARING, Secretary.
Detailed Statement of
Taunton city bonds, .
Fall River city bonds,
Boston city bonds,
Newport (R. I.) city bonds,
Cleveland (O.) city bonds,
Boston & Lowell R R. bonds,
Boston & Providence R.R. bonds,
Concord & Montreal R.R. bonds,
Chicago, Burl. & Quincy R.R. bonds
Phila., Wilm. & Bait. R.R. bonds,
Old Colony R.R. bonds, .
Boston & Maine R.R. bonds,
West End Street Railway bonds,
Bonds.
Par Value.
$15,000 00
21,000 00
40,000 00
20,000 00
25,000 00
30,000 00
20,000 00
15,000 00
15,000 00
20,000 00
30,000 00
10,000 00
70,000 00
Market Value.
$16,875 00
22,850 00
43,000 00
22,600 00
27,875 00
31,150 00
21,800 00
16,350 00
16,575 00
21,800 00
34,350 00
11,550 00
74,400 00
$331,000 00 $361,175 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Gross assets,
$361,175 00
3,498 88
30,736 15
4,738 58
1,250 93
$401,399 54
Liabilities.
Losses claimed and reported, .... $963 00
Unearned premiums on outstanding risks, . 174,672 02
State and local taxes, 1,083 45
Gross liabilities,
176,718 47
Net cash assets, $224,681 07
28 FITCHBURG MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
$2,177 10
361,265 54
$363,442 64
1,250 93
$362,191 71
10,473 33
$351,718 38
Interest and dividends received from all sources, . . . 13,055 28
Gross cash income, $364,773 66
Expenditures.
Cash paid for losses, $11,575 13
as profits on terminated policies, .... 293,300 13
for salaries of officers and employees, . . . 11,535 96
for State and local taxes, 3,341 99
for rents, 529 00
for inspections, 5,299 32
for incidentals, 1,317 21
Gross cash expenditures, $326,898 74
Risks and Premiums.
Amount. Cash Prem's. Contlng't Prem's.
Risks outstanding Dec. 31, 1900, $40,763,962 00 $320,043 75 $1,600,218 75
Risks written during 1901, . 45,804,136 00 361,265 54 1,806,327 70
Total, $86,568,098 00 $681,309 29 $3,406,546 45
Risks terminated during 1901, . 42,656,841 00 331,965 26 1,659,826 30
In force at end of year, . .$43,911,257 00 $349,344 03 $1,746,720 15
Miscellaneous.
Losses incurred during the year, $12,538 00
Profits or surplus returned during 1901, 91 t \ 8 q per cent.
FITCHBURG MUTUAL FIRE INSURANCE COMPANY,
FITCHBURG.
[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.]
HENRY G. MORSE, President. LINCOLN R. WELCH, Secretary.
Amount of permanent fund, . $106,226 50
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Fitchburg & Leominster Street R'y bonds, . 85,000 00 $5,700 00
Investment Trust Co. of America bonds, . . 7,500 00 5,000 00
FITCHBURG MUTUAL FIRE INSURANCE CO.
29
Chic. & Northwestern R.R. bonds, .
Northern Pacific R.R. bonds, .
City of Rochester, N. Y., note, .
10 shares Fitchburg National Bank,
20 " Rollstone National Bank, .
70 " Fitchburg Railroad, .
15 " Springfield Safe Dep. & Trust Co ,
50 " Pullman Palace Car Co., .
25 " N. Y., New Haven & Hart. R.R.,
10 " Boston & Maine R.R.,
Par Value.
$10,000 00
10,000 00
10,000 00
1,000 00
2,000 00
7,000 00
1,500 00
5,000 00
2,500 00
1,000 00
Market Value.
110,350 00
10,450 00
10,000 00
1,500 00
3,000 00
10,185 00
2,430 00
11,000 00
5,300 00
1,910 00
Securities held as collateral for cash loans
80 shares' Simonds Manufacturing Co., .
2 Fitchburg Savings Bank books, .
$62,500 00 $76,825 00
Market Value. Loaned Thereon.
$ 12,000 00 $6,200 00
1,659 00 1,600 00
$13,659 00 $7,800 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc , as per schedule, .
Loans on collateral security, as per schedule
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets, . . ...
$70,000 00
34,675 00
1,346 68
76,825 00
7,800 00
1,271 19
490 96
1,593 45
10,000 00
340 50
$204,342 78
Liabilities.
Losses adjusted, unpaid, $3,389 88
Unearned premiums on outstanding risks, . 117,454 03
Profits or surplus on terminated policies, unpaid, 1,276 00
Due for borrowed money, .... 30,450 00
Commissions and brokerage, .... 1,500 00
Gross liabilities,
154,069 91
Net cash assets, $50,272 87
* Value of lands mortgaged, $21,100 00
Value of buildings thereon, 45,500 00
Amount of insurance held as collateral, .... 42,540 00
30
FITCHBURG MUTUAL FIRE INSURANCE CO.
Income
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Income from miscellaneous,
$ 10,138 85
97,249 18
8107,388 03
10,000 00
$97,388 03
5,410 15
other sources,
691,977 88
395 48
1,562 03
2,926 17
4,154 41
222 69
Gross cash income, $101,238 66
Expenditures.
Cash paid for losses,
Deduct reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
$47,172 16
91 77
Gross cash expenditures,
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31,1900,817,993,121 00 $239,166 50
Risks written during 1901, . 7,041,*859 00 97,249 18
Total, $25,034,980 00 $336,415 68
Risks terminated during 1901, . 6,841,667 00 104,647 28
In force at end of year, . . $18,193,313 00 $231,768 40
Deduct amount reinsured, . 298,578 00 4,279 93
847,080 39
22,486 33
14,314 54
6,760 18
2,063 61
1,200 00
11,350 61
$105,255 66
Conting't Prem*s.
$239,166 50
97,249 18
$336,415 68
104,647 28
$231,768 40
4,279 93
Net amount in force, . .817,894,735 00 $227,488 47 $227,488 47
Miscellaneous.
Losses incurred during the year, $43,992 00
Profits or surplus returned during 1901, 20, 40 and 50 per cent.
GROVELAND MUTUAL FIRE INSURANCE CO.
31
GROVELAND MUTUAL FIRE INSURANCE COMPANY,
GROVELAND.
[Incorporated March 28, 1828. Commenced business March 28, 1828.]
HERSCHEL A. SPOFFORD, President. LOUIS A. WOODBURY, Secretary.
[Note. — This company charges no cash premiums, but relies upon assessments on
deposit notes to pay losses and expenses.]
Summary of Assets Dec. 31, 1901.
Cash deposited in bank,
8414 42
Income.
Interest and dividends received from all sources,
Income from policy fees,
Assessments on deposit notes, ....
Gross cash income,
$23
16
308 00
527
72
$858 88
Expenditures.
Cash paid for losses,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Office furniture,
Gross cash expenditures, ....
$10 25
$735
78
605
02
2
80
40 00
86 53
$1,470 13
Risks and Premiums.
Amount. Conting't Prem'a.
Risks outstanding Dec. 31, 1900, . . . $1,628,023 00 $118,695 36
Risks written during 1901, .... 361,365 00 29,094 00
Total,
Risks terminated during 1901, .
In force at end of year, .
.,989,388 00 $147,789 36
307,762 00 21,738 20
,681,626 00 $126,051 16
Miscellaneous.
Losses incurred during the year, $735 00
Assessments laid on deposit notes or contingent premiums, . 528 00
32
HAMPSHIRE MUTUAL FIRE INSURANCE CO.
HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY,
NORTHAMPTON.
[Incorporated March 6, 1830. Commenced business July 1, 1832.]
CHARLES N. CLARK, President. OLIVER WALKER, Secretary'
Amount of permanent fund, $27,523 66
Detailed Statement of Stocks and Bonds
63 shares Conn. River R.R., ....
10 " Northampton Nat'l Bank,
Conn. River R.R. scrip dividend,
Northern Pacific Great Northern bonds, .
Summary of Assets Dec 31, 1901.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
State and local taxes,
Gross liabilities,
Net cash assets,
Par Value.
Market Value.
$6,300 00
$17,955 00
1,000 00
2,000 00
1,000 00
1,000 00
6,000 00
5,880 00
$14,300 00
$26,835 00
., 1901.
$21,200 00
451 13
26,835 00
214 48
5,574 22
474 95
f54,749 78
$26,895 07
161 92
21 52
97 078 fil
627,671 27
Income.
Premiums on risks written or renewed, . . $ 13,832 10
Less reinsurance and return premiums, . . 448 21
Net cash premiums received, .... $13,383 89
Received for extra premiums, 98 47
Interest received on mortgages, 917 46
Interest and dividends received from all other sources, . . 1,111 60
Gross cash income, $15,511 42
* Value of lands mortgaged $13,500 00
Value of buildings thereon 36,500 00
Amount of insurance held as collateral 30,700 00
HINGHAM MUTUAL FIRE INSURANCE CO.
33
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Risks outstanding Dec. 31, 1900,
Risks written during 1901,
Amount.
1,655,216 00
880,932 00
Total, .... $4,536,148 00
Risks terminated during 1901, . 942,228 00
Cash Prem's.
$53,769 48
13,832 10
$67,601 58
13,363 28
$1,897 16
5,444 78
1,520 86
1,462 50
143 71
150 00
220 56
$10,839 57
Conting't Prem's.
$53,769 48
13,832 10
$67,601 58
13,363 28
In force at end of year, . . $3,593,920 00
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 20, 40 and 50 per cent.
$54,238 30 $54,238 30
$1,897 00
HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM.
[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.]
WM. FEARING, 2d, President. HENRY W. CUSHING, Secretary.
Amount of permanent fund,
$193,042 98
Detailed Statement of Stocks
30 shares Hingham National Bank, Hingham,
60 '
8 '
12 •
11 '
30 "
50 4
92 «
109 "
25 •
" Old Colony Nat'l Bank, Plymouth,
1 Abington Nat'l Bank, Abington,
• Union National Bank, Boston,
' Commerce National Bank, Boston,
1 Webster National Bank, Boston,
' Hingham Water Company,
1 Old Colony Railroad,
* Boston & Albany Railroad,
' Union Pacific R.R ,
Eastern Railroad bonds, .
Union Pacific Railroad bonds,
Hingham Water Co. bonds,
No. Pacific R.R. bonds,
Illinois Central R.R. bonds,
and Bonds.
Par Value.
f 3,000 00
6^000 00
*800 00
1,200 00
1,100 00
3,000 00
5,000 00
9,200 00
10,900 00
2,500 00
5,000 00
5,000 00
10,000 00
7,000 00
20,000 00
Market Value.
$3,150 00
7,500 00
840 00
1,872 00
1,430 00
3,465 00
6,000 00
19,320 00
28,231 00
2,250 00
5,650 00
5,350 00
10,500 00
6,755 00
21,300 00
,700 00 $123,613 00
34
HINGHAM MUTUAL FIRE INSURANCE CO.
Securities held as collateral for cash loans : —
200 shares Helena Water Co., .
Helena Water Co. scrip, ....
200 shares Metropolitan Steamship Co., .
International Paper Co. bonds,
300 shares International Paper Co. stock,
Little Rock and Fort Smith bonds, .
Colorado Southern R.R. bonds,
Market Value. Loaned Thereon.
I $20,000 00
70,000 00
I 34,000 00
\ 15,
$15,923 11
25,000 00
25,000 00
900 00 12,000 00
£139,900 00 177,923 11
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Rents due and accrued, ....
Gross assets,
31, 1901.
$31,699 60
106,475 00
1,306 80
123,613 00
77,923 11
1,241 99
19,419 57
912 55
162 00
$362,753 62
Liabilities.
Losses adjusted, unpaid, $ 155 00
Losses claimed and reported, .... 405 00
Unearned premiums on outstanding risks, . 192,322 07
Profits or surplus on terminated policies, unpaid, 3,159 61
Gross liabilities,
196,041 68
Net cash assets, $166,71194
Income.
Premiums on risks written or renewed, . . $93,57188
Less reinsurance and return premiums, . . 3,551 95
Net cash premiums received, .... $90,019 93
Received for extra premiums, 1,507 58
Interest received on mortgages, 5,686 15
Interest and dividends received from all othei\jsources, . . 10,880 43
Income from rents, 954 34
Gross cash income, $109,048 43
* Value of lands mortgaged $49,250 00
Value of buildings thereon 143,100 00
Amount of insurance held as collateral 1-26,300 00
HOLYOKE MUTUAL FIRE INSURANCE CO.
35
Expenditures.
Cash paid for losses, ......
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
140,640 53
53,800 54
13,297 71
6,271 32
1,349 56
1,193 38
$116,553 04
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, f 27,707,101 00 $411,949 34 $411,949 34
Risks written during 1901, . 6,288,715 00 93,571 88 93,571 88
Total $33,995,816 00 8505,521 22 $505,521 22
Risks terminated during 1901, . 6,721,53100 99,719 02 99,719 02
In force at end of year, . . $27,274,285 00 $405,802 20 $405,802 20
Miscellaneous.
Losses incurred during the year, $38,300 00
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated March 14, 1843. Commenced business May 23, 1843.]
CHARLES H. PRICE, President. LOUIS O. JOHNSON, Secretary.
Guaranty Capital, $100,000.
Amount of permanent fund,
Detailed Statement of
Allen County (Ind.) bonds,
Wayne County (Mich.) bonds,
Marion County (Ind.) bonds, .
Washington County (111.) bonds,
Boston (Mass.) city bonds,
Cincinnati (Ohio) city bonds, .
Columbus (Ohio) city bonds, .
Cleveland (Ohio) city bonds, .
Cambridge (Mass.) city bonds,
• Dayton (Ohio) city bonds,
Evansville (Ind.) city bonds, .
Dover (N. H.) city bonds,
Stocks, Bonds, etc.
Par Value.
$10,000 00
10,000 00
5,000 00
2,000 00
5,000 00
16,000 00
15,000 00
8,000 00
5,000 00
5,000 00
6,000 00
5,000 00
f494,105 40
Market Value.
f 10,000 00
10,250 00
5,300 00
2,030 00
5,325 00
16,540 00
16,231 25
8,500 00
5,675 00
5,112 50
6,240 00
5,118 75
36
HOLYOKE MUTUAL FIRE INSURANCE CO.
Fitchburg (Mass.) city bonds, .
Jersey City (N. J.) city bonds,
Lynn (Mass.) city bonds, .
Lawrence (Mass.) city bonds,
Maiden (Mass ) city bonds,
Orange (N. J.) city bonds,
Pawtucket (R. I ) city bonds,
Province of Quebec bonds,
St. Paul (Minn.) city bonds,
Boston & Lowell R R. bonds,
Atchison, Topeka & Santa Fe R.R. bonds.
Boston & Maine R.R. bonds,
Baltimore & Ohio Railroad bonds,
Burl. & Missouri River R.R. (Neb.) bonds,
Cincin., Hamilton & Dayton R.R. bonds,
Chesapeake & Ohio R.R. bonds,
Cleveland, L. & Wheeling R.R. bonds,
Chicago & Alton R.R. bonds, .
Chicago & E. Illinois Railroad bonds,
Chicago & West Indiana R.R. bonds,
Central Pacific R.R. bonds,
Central New Jersey R.R. bonds,
Consolidated Vermont R.R. bonds, .
Erie & Pittsburg R.R. bonds, .
Cleveland Electric R'y bonds, .
Delaware & Hudson Canal Co. bonds,
Fitchburg R.R. bonds,
Housatonic R.R. bonds,
Kan. City, St. Jos. & C. B. R.R. bonds,
Kan. City, Ft. S. & Memphis R.R. bonds,
Lehigh Valley R.R. bonds,
Maine Central R.R. bonds,
Mass. Electric Co. bonds, .
N. Y. Central R.R. bonds,
Northern Pacific & Gt. Northern R.R. bonds,
Norwich & Worcester R.R. bonds, .
New England R.R. bonds,
Narragansett Pier R.R. bonds, .
New Haven & Derby R.R. bonds, .
Northwestern Union R.R. bonds,
N. Y., Ontario & Western R.R bonds,
St. Paul, Minn. & Manitoba R.R. bonds,
Old Colony R.R. bonds, .
Terre Haute & Southeastern R.R. bonds.
Union Pacific R.R. bonds, .
Pennsylvania Co. bonds, .
Third Avenue, N. Y., bonds,
West End R.R., Boston, bonds,
Par Value.
*2,000 00
5,000 00
12,000 00
5,000 00
10,000 00
10,000 00
10,000 00
3,000 00
25,000 00
6,000 00
14,000 00
10,000 00
12,000 00
10,000 00
10,000 00
10,000 00
15,000 00
5,000 00
5,000 00
8,000 00
3,500 00
7,000 00
2,000 00
5,000 00
2,000 00
5,000 00
10,000 00
10,000 00
5,000 00
13,000 00
15,000 00
4,000 00
2,000 00
5,000 00
2,000 00
5,000 00
25,000 00
10,000 00
20,000 00
8,000 00
20,000 00
10,000 00
15,000 00
5,000 00
27,500 00
5,000 00
2,000 00
6,000 00
Market Value.
$2,000 00
5,612 50
12,800 00
5,662 50
10,400 00
11,900 00
10,937 50
3,195 00
28,700 00
6,403 75
14,455 00
10,175 00
11,690 63
10,000 00
11,350 00
11,350 00
17,437 50
5,162 50
5,600 00
9,420 00
3,522 50
9,380 00
1,640 00
5,000 00
2,110 00
7,356 25
10,725 00
13,500 00
5,760 00
16,055 00
17,075 00
4,460 00
2,020 00
4,935 00
1,935 00
5,525 00
33,375 00
10,300 00
22,900 00
11,440 00
20,700 00
11,537 50
16,675 00
5,500 00
28,978 13
4,950 00^
1,990 00 '
6,120 00
HOLYOKE MUTUAL FIRE INSURANCE CO.
37
American Tel. & Telegraph Co. bonds, .
Boston B'l'g Co. (Denver, Col.) bonds, .
Salem Electric Lighting Co. bonds, .
American Mail Steamship Co. bonds,
American Cotton Oil Co. bonds,
Clinton Water Works bonds (Clinton, la.),
Keokuk Water Works bonds, .
Western Union Telegraph Co. bonds,
50 shares Boston & Maine R.R.,
3! " Old Colony R.R
55 " N. Y., N.H. &Hart. R.R., .
100 * Pitts., Ft. Wayne & Chic. R.R.,
162 " Union Pacific R.R., .
10 " First National Bank, Salem, .
10 " Merchants' National Bank, Salem,
35 " Mercantile National Bank, Salem,
41 " Naumkeag National Bank, Salem,
93 " Salem National Bank, Salem,
30 " Atlantic National Bank, Boston,
15 " Bl'ks'e N'l B'k, Bos., (in liquidate)
31 " Freeman's National Bank, Boston,
100 " Merchants' National Bank, Boston
50 " Republic National Bank, Boston,
10 " National Shawmut Bank, Boston,
100 " Second National Bank, Boston,
10 " Beverly National Bank, .
40 " N'l Exc. B'k, Salem (in liquidat'n)
10 " Colorado Mining Exch. Building,
20 " H. B. Claflin Co., .
Par Value.
$5,000 00
10,000 00
2,000 00
3,500 00
10,000 00
5,000 00
10,000 00
5,000 00
5,000 00
3,100 00
5,500 00
10,000 00
16,200 00
1,000 00
500 00
3,500 00
4,100 00
9,300 00
3,000 00
3,100 00
10,000 00
5,000 00
1,000 00
10,000 00
1,000 00
10,000 00
2,000 00
Market Value.
$4,962 50
10,000 00
2,000 00
3,500 00
10,000 00
5,000 00
10,000 00
5,650 00
9,550 00
6,510 00
11,632 50
19,200 00
14,580 00
797 50
640 00
3,500 00
5,125 00
9,300 00
3,660 00
75 00
3,131 00
17,500 00
7,500 00
2,400 00
18,200 00
1,430 00
200 00
10,000 00
2,000 00
$681,800 00 $784,132 26
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $75 77
Gross assets,
31, 1901.
$60,360 00
53,000 00
848 91
784,132 26
6,798 20
1,575 15
8,750 49
1,037 10
882 00
$917,384 11
* Value of lands mortgaged, $20,000 00
Value of buildings thereon 53,600 00
Amount of insurance held as collateral, .... 53,000 00
38
HOLYOKE MUTUAL FIRE INSURANCE CO.
Liabilities
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, .
Gross liabilities, except guaranty capital,
Guaranty capital,
Total
Net cash assets, 1527,596^21
$810 75
14 00
3,422 95
281,918 21
375 42
d, 2,913 37
333 20
, §289,787 90
100,000 00
•
?389,787 90
Income.
Premiums outstanding Dec. 31, 1900, . . $671 51
Premiums on risks written or renewed, . . 153,453 90
Total, $154,125 41
Premiums now in course of collection, . . 1,112 87
Entire premiums collected, .... $153,012 54
Less reinsurance and return premiums, . . 7,551 75
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
|145,460 79
770 44
1,005 85
33,384 92
7.210 50
Gross cash income, §187,832 50
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for dividends to guaranty capital, .
for expense on real estate,
for assessment on National Bank stock,
for incidentals,
§42,506 35
444 81
842,061 54
71.570 19
22,295 5Q
16,867 00
2,337 83
7,000 00
6,869 32
2,000 00
5,675 89
Gross cash expenditures,
8176.677 33
INDUSTRIAL MUTUAL INSURANCE CO.
39
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, f 39,416,160 00 $567,465 37 $567,465 37
Risks written during 1901, . 10,514,525 00 153,453 90 153,453 90
Total $49,930,685 00 $720,919 27 $720,919 27
Risks terminated during 1901, . 10,883,330 00 158,240 77 158,240 77
In force at end of year, . . $39,047,355 00 $562,678 50 $562,678 50
Deduct amount reinsured, . 288,222 00 4,294 23 4,294 23
Net amount in force, . . $38,759,133 00 $558,384 27 $558,384 27
Miscellaneous.
Losses incurred during the year, $43,455 00
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 17, 1890. Commenced business June 1, 1890.]
O. H. SAMPSON, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of
Boston & Lowell R.R. bonds, .
N. Y. Central & Hudson River R.R. bonds,
Chicago Terminal Transfer R.R. bonds, .
N. E. Telephone & Telegraph Co. bonds,
American Telephone and Telegraph Co. bonds
American Writing Paper Co. bonds,
West End Street R'y bonds,
Fitchburg R.R. bonds,
Lynn & Boston R.R. bonds,
Maine Central R.R. bonds,
Bonds.
Par Value.
15,000 00
10,000 00
10,000 00
35,000 00
17,000 00
20,000 00
10,000 00
15,000 00
5,000 00
5,000 00
Market Value.
$5,125 00
9,800 00
9,000 00
37,850 00
16,915 00
13,600 00
10,412 50
15,975 00
5,250 00
5,300 00
$132,000 00 8129,227 50
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$129,227 50
2,633 65
32,341 80
2,027 49
6,636 34
$172,866 78
40
INDUSTRIAL MUTUAL INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, ....
Net cash assets,
§34,894 98
103,758 94
413 20
$139,067 12
$33,799 66
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$7,045 86
239,706 09
Total, $246,751 95
Premiums now in course of collection, . . 6,636 34
Entire premiums collected, .... $240,115 61
Interest and dividends received from all sources, . . . 9,100 13
Gross cash income, $249,215 74
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for joint office expenses, .
for inspections, ....
for incidentals, ....
Gross cash expenditures, ....
$100,063 62
189,002 72
5,875 22
3,171 67
12,247 60
5,387 75
1,352 37
$317,100 95
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, $29,750,240 00 $222,816 58 $1,114,082 90
Risks written during 1901, . 27,931,973 00 239,706 09 1,198,530 45
Total, $57,682,213 00 $462,522 67 $2,312,613 35
Risks terminated during 1901,. 33,914,286 00 254,904 79 1,274,523 95
In force at end of year, . . $23,767,927 00 $207,617 88 $1,038,089 40
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 68£ per cent.
$135,130 00
LOWELL MUTUAL FIRE INSURANCE CO.
41
LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL.
[Incorporated March 6, 1832. Commenced business April, 1832.]
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary.
Permanent fund Dec. 31, 1901,
$100,482 24
Detailed Statement of Stocks
United States bonds, .
Boston & Lowell R.R. bonds, .
Fitchburg R.R. bonds,
Central R.R. of Vermont bonds,
Boston city bond,
Maine Central R R. bonds,
30 shares Lowell Bleach ery, .
2 " Pacific Mills, .
16 " Lawrence Manufacturing Co.,
2 " Hamilton Manufacturing Co.,
50 " Massachusetts Cotton Mills, .
36 " Appleton Co., ....
132 " Merrimack Manufacturing Co.,
50 " Franklin Manuf. Co., Lewiston, Me.
30 " Hill Manuf. Co., Lewiston, Me.,
6 " Vermont & Massachusetts R.R.,
30 " Boston & Maine R.R., .
20 " Boston & Lowell R.R., .
20 " First National Bank, Lowell,
65 " Lowell & Andover R.R., .
70 " Bigelow Carpet Co.,
50 " American Woolen Co., .
30 " Lowell Gas Light Co., .
and Bonds.
Par Value.
$1,000 00
16,000 00
10,000 00
1,000 00
2,000 00
6,000 00
3,000 00
2,000 00
1,600 00
2,000 00
5,000 00
3,600 00
13,200 00
5,000 00
3,000 00
600 00
3,000 00
2,000 00
2,000 00
6,500 00
7,000 00
5,000 00
3,000 00
Market Value.
$1,087 00
16,865 00
10,604 00
860 00
2,082 00
6,360 00
1,380 00
4,250 00
2,209 00
1,555 00
4,800 00
4,401 00
13,320 00
4,500 00
1,237 00
1,032 00
5,730 00
4,810 00
3,000 00
14,625 00
7,140 00
4,025 00
7,500 00
$103,500 00 $123,372 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
$16,750 00
298 37
123,372 00
1,034 34
33,210 44
1,981 75
6,061 21
$182,708 11
* Value of lands mortgaged
Value of buildings thereon,
Amount of insurance held as collateral, .
$20,000 00
20,000 00
16,500 00
42
LOWELL MUTUAL FIRE INSURANCE CO.
Liabilities.
Losses claimed and reported, .... $450 00
Unearned premiums on outstanding risks, . 69,699 96
Profits or surplus on terminated policies, unpaid, 1,671 80
Commissions and brokerage, .... 885 89
Gross liabilities,
Net cash assets,
$72,707 65
$110,000 46
Income.
Premiums outstanding Dec. 31, 1900, . . $6,076 11
Premiums on risks written or renewed, . . 48,221 52
Total, $54,297 63
Premiums now in course of collection, . . 6,061 21
Entire premiums collected, .... $ 48,236 42
Less reinsurance and return premiums, . . 1,155 81
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from agency department, ....
Gross cash income,
$47,080 61
231 56
735 84
5,332 50
1,535 13
$54,915 64
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
$9,300 93
365 39
,935 54
15,999 66
6,335 50
6,799 43
578 59
650 00
2,325 77
$4L624 49
Risks outstanding Dec. 31, 1900
Risks written during 1901,
Total,.
Risks terminated during 1901,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
,292,382 00 $131,518 77 $131,518 77
48,221 52 48,221 52
3,172,777 00
$11,465,159 00
2,601,638 00
$8,863,521 00
48,862 00
$179,740 29 $179,740 29
41,965 67 41.965 67
1137,774 62 $137,774 62
625 75 625 75
5,814,659 00 $137,148 87 $137,148 87
LUMBER MUTUAL FIRE INSURANCE CO.
43
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 20, 40 and 60 per
cent., and 20, 50 and 70 per cent.
$8,520 00
LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.]
WM. C. JOHNSON, President. E. J. JOHNSON, Secretary.
Office, 53 State Street.
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), $2,000 00
United States bonds,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Prem's more than three mos. due, $133 14
Gross assets,
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Due for inspections, .
Gross liabilities,
Net cash assets, .
Income
Premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, $61,612 32
Interest and dividends received from all sources, . . . 2,254 12
Gross cash income, $63,866 44
2,172 50
9 41
67,803 14
153 92
3,338 25
4
$75,477 22
34,420 20
$3,000 00
1,000 00
30,398 17
22 03
$2,850 62
27 03
$41,057 02
$2,823 59
68,031 78
$70,855 37
3,471 39
$67,383 98
5,771 66
* Value of lands mortgaged, ....
Value of buildings thereon,
Amount of insurance held as collateral, .
$1,000 00
3,400 00
2,666 66
44
LYNN MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals, ....
$20,309 97
9,978
61
8,675
33
795 59
727
63
1,492
32
4,792 37
Gross cash expenditures, $46,771 82
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, $2,297,865 00 $49,411 20 $148,233 60
Risks written during 1901, . 2,903,394 00 68,031 78 204,095 34
Total, $5,201,259 00 $117,442 98 $352,328 94
Risks terminated during 1901, . 2,539,980 00 56,646 64 169,939 92
In force at end of year, . . $2,661,279 00 $60,796 34 $182,389 02
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 20 per cent.
$24,310 00
LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN.
[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1S28.]
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary.
Amount of permanent fund, $56,910 38
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
40 shares First National Bank, Lynn, . . $4,000 00 $4,600 00
20 " National City Bank, Lynn, . . 2,000 00 3,000 00
5 " Central National Bank, Lynn, . . 500 00 750 00
10 " Merchants' National Bank, Boston, . 1,000 00 1,590 0C
15 " West Newton First National Bank, . 1,500 00 1,890 00
Chicago, Milwaukee & St. Paul R.R. bond, . 1,000 00 1,160 00
Southern Pacific R.R. bond, . . . . 500 00 575 00
Atlantic & Pacific R.R. bqnd, .... 99 00 99 00
Mexican Central R.R. bond, .... 1,000 00 740 00
Chicago & Great Western R.R. bonds, . . 2,000 00 2,100 00
Ohio & West Virginia R.R. bond, . . . 1,000 00 1,100 00
LYNN MUTUAL FIRE INSURANCE CO.
45
Ogdensburg & Lake Champlain R.R. bonds,
Equitable Securities Co. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Par Value.
$2,000 00
800 00
7,970 00
Market Value.
$2,020 00
700 00
7,483 00
$25,369 00 $27,807 00
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash loans,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $107 54
Gross assets, ......
Liabilities.
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Gross liabilities,
31, 1901.
$6,578 19
26,400 00
924 92
27,807 00
671 20
78 01
1,742 00
204 89
35 50
90 90
$14,929 88
425 07
$64,532 61
Net cash assets,
15,354 95
$49,177 66
Income.
..
Premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Gross cash income, ....
$110 05
34 95
$75
6,284
10
18
$6,359 28
143 04
$6,216
266
24
87
sources,
$5,949 37
9 75
1,497 98
1,216 49
48 04
$8,721 63
* Value of lands mortgaged
Value of buildings thereon,
Amount of insurance held as collateral, .
$25,150 00
39,800 00
35,800 00
46 merchants' and farmers' mutual FIRE INSURANCE CO.
Expenditures
Cash paid for losses,
as profits on terminated policies, ....
for salaries of officers and employees, .
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures,
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31,1900, $2,149,72100 829,593 77
Risks written during 1901, . 460,967 00 6,284 18
Total §2,610,688 00 §35,877 95
Risks terminated during 1901, . 436,342 00 6,398 60
In force at end of year, . . §2,174,346 00 829,479 35
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 30, 60 and 80 per cent.
fl.175
97
4,462
16
2,200
00
58
12
432 00
258
39
?8,586 64
Conting't Prem's.
■9,187 54
12,568 36
1,755 90
12,797 20
858,958 70
81,176 00
MERCHANTS' AND FARMERS 1 MUTUAL FIRE INSURANCE
COMPANY, WORCESTER.
m
[Incorporated April 1, 1S46. Commenced business Jan. 1, 1847.]
JOHN D. WASHBURN, President. ELIJAH B. STODDARD, Secretary.
Amount of permanent fund, 1121,574 43
Detailed Statement of Stocks
Great Northern & Northern Pacific R.R. bonds,
Lawrence city bonds,
Eastern R.R. bonds, ....
Atch., Topeka & Santa Fe R.R. bonds,
City of Grand Haven, Mich., bonds,
111 shares Atch., Topeka & Santa Fe R.R.,
57
61
34
25
11
25
20
Union Pacific R.R., .
Boston & Albany R.R., .
Providence & Worcester R.R,
Norwich & Worcester R.R.,
Boston & Maine R.R.,
Wachusett National Bank,
Westminster National Bank,
and Bonds.
Par Value.
$6,000 00
10,000 00
5,000 00
10,500 00
5,000 00
11,100 00
5,700 00
6,100 00
3,400 00
2,500 00
1,100 00
2,500 00
2,000 00
Market Value.
$6,000 00
10,200 00
5,300 00
11,069 00
5,050 00
10,042 00
5,777 00
15,860 00
10,200 00
5,750 00
2,101 00
3,750 00
2,000 00
merchants' and farmers' mutual FIRE INSURANCE CO. 47
20 shares Central National Bank,
8 " Mechanics' National Bank,
25 " Quinsigamond National Bank,
99 " Am. Card Clothing Co., .
42 " Worcester Electric Light Co.,
24 " Worcester Gas Light Co , .
Par Value.
$2,000 00
800 00
2,500 00
9,900 00
4,200 00
2,400 00
Market Value.
$2,400 00
800 00
3,625 00
9,900 00
10,080 00
5,880 00
$92,700 00 $125,784 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash loans, ....
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Prem's more than three mos. due, $1,513 86
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
$57,482 35
39,862 00
243 91
125,784 00
10,750 00
1,015 84
9,514 56
603 29
5,578 25
$1,009 29
632 58
150,218 57
135 57
1,915 13
836 73
$250,834 20
154,747 87
$96,086 33
Income.
Premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
$6,576 99
356 82
$6,220 17
97,885 94
$104,106 11
7,092 11
$97,014 00
3,302 07
$93,711 93
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$106,000 00
89,960 00
37,950 00
48
MERRIMACK MUTUAL FIRE INSURANCE CO.
Received for extra premiums,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents
Gross cash income,
$467 88
1,650 14
5,823 25
4,092 00
$105,735 20
Expenditures.
Cash paid for losses,
Deduct salvage,
Net cash paid for losses,
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for expense on real estate,
for incidentals,
Gross cash expenditures, .
$28,625 97
12 85
$28,613 12
39,646 93
14,412 61
7,220 00
1,663 38
600 00
288 61
4,196 02
$96,640 07
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $20,391,770 00
Risks written during 1901, . 6,729,940 00
Total, $27,121,710 00
Risks terminated during 1901, . 6,845,030 00
Cash Prem's. Conting't Prem's.
$301,281 35 $301,281 35
97,885 94 97,885 94
$399,167 29 $399,167 29
100,196 25 100,196 25
In force at end of year,
.$20,276,680 00 $298,971 04 $298,971 04
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
$28,557 00
MERRIMACK MUTUAL FIRE INSURANCE COMPANY,
ANDOVER.
[Incorporated Feb. 7, 1S2S. Commenced business April 8, 1828.]
JOS. A. SMART, President. BURTON S. FLAGG, Secretary.
Amount of permanent fund,
8150,206 00
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Cincinnati city bonds, 87,000 00 -S,160 00
Lynn city bonds, 5,000 00 5,250 00
Boston & Maine Railroad bonds, . . . 2,000 00 2,305 00
Old Colony Railroad bonds 10,000 00 11,000 00
MERRIMACK MUTUAL FIRE INSURANCE CO.
49
Chicago & Northwestern R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Salem (Ohio) Water Co. bonds,
Salem (Ohio) Water Co. stock,
Helena Water Co. stock, .
Helena Water Co. bonds, .
Chicago, Wisconsin & Minn. R.R. bonds,
Chicago, Peoria & St. Louis R.R. bonds,
Chicago, Peoria & St. Louis R.R. stock,
Boston Investment Co. stock, .
Andover water bonds,
Andover Electric Co. bonds,
Danvers water bonds,
Seattle city bonds, .
Westborough bonds,
North Andover bonds,
15 shares Lawrence National Bank,
10 " Andover National Bank,
Par Value.
$4,000 00
5,000 00
3,000 00
3,000 00
5,000 00
5,375 00
5,000 00
1,000 00
2,400 00
5,000 00
15,000 00
4,500 00
10,000 00
5,000 00
10,000 00
10,000 00
1,500 00
1,000 00
Market Value.
§5,000 00
5,675 00
2,400 00
2,400 00
2,500 00
4,300 00
5,900 00
1,030 00
1,440 00
700 00
16,800 00
5,850 00
10,900 00
5,375 00
10,450*00
11,200 00
1,800 00
1,100 00
$119,775 00 $121,535 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . $5,500 00
Loans on mortgage of real estate (first liens*), 102,950 00
Interest due or accrued thereon, . . . 1,675 29
Stocks and bonds, as per schedule, . . . 121,535 00
Cash in the office of the company, . . . 425 09
Cash deposited in bank, 4,208 06
Interest due and accrued, .... 1,200 34
Premiums in course of collection (gross), . 19,220 84
Prem's more than three mos. due, $576 32
Gross assets,
$256,714 62
Liabilities.
Losses adjusted, unpaid, ....
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid
Due for borrowed money,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, ....
$4,709 90
47 41
194,864 58
162 25
7,130 78
10,000 00
3,054 89
28 75
219,998 56
Net cash assets $36,716 06
* Value of lands mortgaged 851,100 00
Value of buildings thereon, 144,000 00
Amount of insurance held as collateral, . . . 115,200 00
50
MERRIMACK MUTUAL FIRE INSURANCE CO.
Income
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income, .
£8,900 72
116,375 71
8125,276 43
19,797 16
$105,479 27
7,008 08
other sources, .
$98,471 19
664 29
5,410 72
5,507 25
590 39
8110,583 84
Expenditures.
Cash paid for losses,
Deduct reinsurance,
Net cash paid for losses, . .
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures
838,222 03
7 00
S,215 03
54,145 48
15,660 40
7,684 67
1,047 62
720 00
6,133 26
8123,606 46
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1900, 828,095,138 00 §422,978 69
Risks written during 1901, . 7,965,153 00 116,375 71
Total, 836,060,29100 §539,354 40
Risks terminated during 1901, . 8,819,148 00 135,620 54
In force at end of year, . . 827,241,143 00 §403,733 86
Deduct amount reinsured, . 146,815 00 2,126 92
Contlng't Prems.
8 ±22,978 69
116,375 71
8539,354 40
135,620 54
§403,733 86
2,126 92
Net amount in force, .827,094,328 00 §401,606 94 8401,606 94
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 20, 40 and 60 percent.
- >,694 00
MIDDLESEX MUTUAL FIRE INSURANCE CO.
51
MIDDLESEX MUTUAL FIRE INSURANCE] COMPANY, CONCORD.
[Incorporated March 3, 1826. Commenced business March 29, 1826.]
RICHARD F. BARRETT, President. ADAMS TOLMAN, Secretary.
Amount of permanent fund,
Detailed Statement of Stocks,
Bal. due on Shawm't Nat'l B'k (in liquidation),
Bal. due on Black. Nat'l B'k (in liquidation),
33 shares Concord Nat'l Bank, Concord,
57 " Boston & Albany R.R., .
100 " Fitchburg R.R.,
180 " Pullman Palace Car Co.,
Burlington & Missouri R.R. bonds, .
Chicago, Burl. & Quincy R.R. bonds,
Portland & Ogdensburg R.R. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Cincinnati, Hamilton & Dayton R.R. bonds,
Concord & Montreal R.R. bonds,
Conn. & Passumpsic Rivers R.R. bonds, .
Cleveland, L. & Wheeling R.R. bonds, .
Old Colony R.R. bonds, ....
Boston & Lowell R.R. bonds, .
Boston & Albany R.R. bonds, .
N. Y., Providence & Boston R.R. bonds, .
Boston & Maine R.R. bonds,
Narragansett Pier R.R. bonds, .
Norwich & Worcester R.R. bonds, .
St. Paul, Minn. & Manitoba R.R. bonds, .
N. Y., Ontario & Western R.R. bonds,
Terminal R.R. Association of St. Louis bonds,
Boyer Val. div., Chic. & Northwest'n R.R. b'ds,
Cleveland & Pittsburg R.R. bonds, .
Midland Terminal R.R. of Colorado bonds,
N. Y., N. H. & Hartford R.R. bonds,
Mohawk & Malone R.R. bonds,
Lake Shore & Michigan Southern R.R. bonds,
Chic. Junction R'y & Union St'k Y'ds Co. b'ds,
Eastern R'y of Minnesota bonds,
Long Island R.R. (Penn.) bonds,
Erie & Pittsburg (Penn.) R.R. bonds,
United Traction & Elec. R'y (Prov., R. I.) b'ds,
Hamilton Street R'y bonds, .
Town of Concord, Mass., bonds,
Toledo city bonds,
Cambridge city bonds,
Bonds, etc.
Par Value.
$3,300 00
5,700 00
10,000 00
18,000 00
17,000 00
14,000 00
20,000 00
3,000 00
10,000 00
25,000 00
25,000 00
10,000 00
6,000 00
15,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000^00
10,000^00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
5,000 00
5,000 00
5,000 00
7,000 00
5;000 00
10,000 00
20,000 00
$327,532 84
Market Value.
$1,359 00
5,280 00
15,105 00
14,550 00
39,240 00
17,170 00
14,360 00
22,400 00
2,982 50
11,500 00
28,125 00
29,250 00
11,800 00
6,740 00
16,275 00
10,900 00
11,900 00
12,700 00
10,950 00
11,500 00
11,600 00
10,500 00
11,500 00
10,400 00
10,600 00
10,500 00
10,600 00
11,100 00
10,912 50
10,500 00
10,800 00
5,762 50
5,200 00
5,750 00
7,350 00
5,180 00
11,250 00
21,900 00
52
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Par Value.
Market Value.
Pawtucket city bonds, ....
* 10,000 00
$11,400 00
Med ford city bonds, ....
5,000 00
5,650 00
Holyoke city bonds,
10,000 00
11,700 00
American Bell Telephone bonds,
10,000 00
9,900 00
American Telephone & Telegraph Co. bonds,
5,000 00
4,975 00
Massachusetts State bonds,
10,000 00
10,187 50
$ 449,000 00
$529,254 00
Securities held as collateral for cash loans :
—
Market Valup.
Loaned Thereon.
40 shares American Powder Mills, .
$6,200 00
$2,500 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
|41,000 00
Loans on mortgage of real estate (first liens *)
65,590 01
Interest due or accrued thereon,
1,886 76
Stocks, bonds, etc., as per schedule,
529,254 00
Loans on collateral security, as per schedule,
2,500 00
All other cash loans, ....
21,500 00
Cash in the office of the company, .
6,162 98
Cash deposited in bank, ....
4,273 98
Interest due and accrued, ....
5,928 12
Premiums in course of collection (gross),
21,624 50
Rents due and accrued, ....
950 00
Gross assets,
$700,670 35
Liabilities.
Losses claimed and reported, .
$200 00
Losses disputed or resisted,
3,750 00
Unearned premiums on outstanding risks,
321,087 26
Profits or surplus on terminated policies, unpaid
9,550 98
Commissions and brokerage, .
3,213 67
Gross liabilities,
337,801 91
• • •
Net cash assets, . . , • .
$362,868 44
Income.
Premiums outstanding Dec. 31, 1900,
$20,233 00
Premiums on risks written or renewed, .
172,251 56
$192,484 56
Premiums now in course of collection, .
21,624 50
Entire premiums collected, ....
$170,860 06
Less reinsurance and return premiums, .
4,598 66
Net cash premiums received, ....
$166,261 40
$50,200 00
Amount of insurance held as collateral, .
76,000 00
MUTUAL FIRE ASSURANCE CO.
53
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from
Income from rents, . .
Dividends on reinsurances,
Gross cash income,
all
other sources,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$1,063 44
3,018 83
18,198 67
504 00
147 31
$189,193 65
$46,420 08
82,164 06
24,034 93
11,600 00
2,077 45
9,208 03
$175,504 55
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, $45,101,841 00 $662,801 19 $662,801 19
Risks written during 1901, . 11,403,918 00 172,251 56 172,251 56
Total, $56,505,759 00 $835,052 75 $835,052 75
Risks terminated during 1901, . 11,791,336 00 175,624 47 175,624 47
In force at end of year, . .$44,714,423 00 $659,428 28 $659,428 28
Deduct amount reinsured, . 244,442 00 3,715 01 3,715 01
Net amount in force, . .$44,469,981 00 $655,713 27 $655,713 27
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
$43,876 00
MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD.
[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.]
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary.
Amount of permanent fund, $117,216 93
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Vermont Valley R.R. bonds $4,000 00 $4,480 00
Chesapeake & Ohio R.R. bonds, . . . 4,000 00 4,800 00
Ohio Southern R.R. bonds 3,000 00 2,700 00
N. Y. Central & Hudson River R.R. bonds, . 8,000 00 7,440 00
Chicago, Burl. & Quincy R.R. bonds, . . 1,000 00 1,020 00
Phila., Wilm. & Baltimore RR, bonds, . . 4,000 00 4,400 00
Holyoke Street R R. bonds, .... 6,000 00 6,300 00
Boston & Albany R.R. bonds, .... 10,000 00 10,700 00
54
MUTUAL FIRE ASSURANCE CO.
Woronoco Street R.R. bonds, .
75 shares Second National B'k, Springfield,
61 " Chicopee Nat'l B'k, Springfield,
25 " John Hancock N'l B'k, Springfield
25 " First Nat'l Bank, Springfield, .
25 " Chapin National Bank, Springfield
10 " Monson National Bank, Monson,
10 " First National Bank, Chicopee,
50 " Hadley Falls N'l B'k, Holyoke,
20 " Springfield N'l B'k, Springfield,
50 " N'l B'k of Commerce, Boston,
100 " Boston & Albany R.R., .
173 " N. Y. Cent. & Hudson River R.R.,
69 " Chic, Burl. & Quincy R.R., .
20 " Holyoke & Westfield R.R., .
Par Value.
§5,000 00
7,500 00
6,100 00
2,500 00
2,500 00
2,5C0 00
1,000 00
1,000 00
5,000 00
2,000 00
5,000 00
10,000 00
17,300 00
6,900 00
2,000 00
Market Value.
$5,300 00
9,750 00
9,455 00
2,625 00
2,625 00
3,000 00
1,250 00
1,350 00
6,250 00
4,000 00
6,250 00
25,700 00
26,815 00
13,593 00
3,740 00
$116,300 00 $163,543 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), $36,550 00
Interest due or accrued thereon, . . . 447 88
Stocks and bonds as per schedule, . . . 163,543 00
Cash in the office of the company, . . . 4,420 34
Cash deposited in bank, 7,396 32
Interest due and accrued, 647 79
Premiums in course of collection (gross), . 135 39
Gross assets,
Liabilities.
Unearned premiums on outstanding risks, . £44,915 01
Profits or surplus on terminated policies, unpaid, 300 82
Gross liabilities,
8213,14'* 72
45,215 83
Net cash assets, £ 167,924 89
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Net cash premiums received, .
Received for extra premiums, .
Interestrreceived on mortgages,
Interest and dividends received from all other sources,
$354 33
19,492 21
£19,846 54
135 39
Gross cash income,
819,711 15
82 60
2,854 95
6.259 29
$28,907 99
* Value of lands mortgaged
Value of buildings thereon,
Amount of insurance held as collateral, .
m,750 00
46,750 00
40,500 00
MUTUAL PROTECTION FIRE INSURANCE CO.
55
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures,
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31,1900, $5,902,000 00 f 93,096 69
Risks written during 1901, . 1,241,225 00 19,492 21
Total, $7,143,225 00 §112,588 90
Risks terminated during 1901, . 1,159,075 00 17,532 72
$2,436 48
15,608
80
4,402
00
191
78
500
00
815 07
$23,954 13
Conting't Prem's.
$93,096 69
19,492 21
$112,588 90
17,532 72
In force at end of year, .
1,984,150 00 $95,056 18 $95,056 18
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 90 per cent.
$2,436 00
MUTUAL PROTECTION FIRE INSURANCE COMPANY,
CHARLESTOWN.
[Incorporated April 10, 1861. Commenced business July 15, 1864.]
GEO. H. PENDERGAST, President. FRANK V. NO YES, Secretary.
Office, Thompson Square, Charlestown.
Amount of permanent fund,
Detailed Statement of Stocks
17 shares Monument National Bank,
20 " National Bank of the Republic,
31 " Charlestown Gas & Electric Co.,
10 " Somerville Electric Light Co., .
55 " Atch., Top. & Santa Fe R.R , .
12 " N. Y , New Haven & Hartford R.R.,
20 " American Tel. & Telegraph Co ,
American Telephone & Telegraph Co. bonds,
United States bonds,
and Bonds.
Par Value.
$1,700.00
2,000 00
1,550 00
1,000 00
5,500 00
1,200 00
2,000 00
2,000 00
10,000 00
$52,639 30
Market Value.
$3,230 00
3,000 00
2,480 00
1,000 00
4,515 00
2,520 00
3,240 00
1,980 00
10,800 00
$26,950 00 $32,765 00
56
MUTUAL PROTECTION FIRE INSURANCE CO.
Securities held as collateral for cash loans
130 shares Parrot Mining Co., .
330 " Old Dominion Mining Co.,
100 " Centennial Mining Co., .
100 " Arcadian Mining Co.,
Boston & Maine R.R. bond,
Market Value. Loaned Thereon.
83,770 00^
7,590 00 |
1,200 00 }
400 00 I
1,000 00 j
810,000 00
813,960 00 £ 10,000 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens*), 817,400 00
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, 82,057 28
Gross assets,
Liabilities
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, .
Reinsurance,
Gross liabilities,
Net cash assets, §73,778 5!
911 95
32,765 00
10,000 00
260 15
19,625 04
155 00
4,067 13
a
$115,184 27
$7 00
38,355 13
105 51
1,886 89
796 57
254 59
41,405 69
Income
Premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
$5,029 14
1,637 IS
83,391 96
28,353 34
?31,745 30
6,124 41
825,620 89
2,056 20
823,564 69
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
822,700 00
72. 200 00
64,200 00
NEWBURYPORT MUTUAL FIRE INSURANCE CO.
57
Received for extra premiums, ....
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
Cash paid for losses,
Deduct reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures,
.
.^55 03
.
2,375 00
irces, .
2,049 31
.
$28,044 03
86,509 44
161 86
$6,347 58
6,708 68
3,964 83
4,000 00
307 95
500 00
2,432 37
$24,261 41
Risks and Premiums.
Amount.
Risks outstanding Dec. 31,1900, $4,030,757 00
Risks written during 1901, . 1,792,442 00
Total,
Risks terminated during 1901,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
§5,823,199 (0
1,319,450 00
$4,503,749 00
143,268 00
Cash Prem's. Conting't Prem's.
$65,051 34 $65,051 34
28,353 34 28,353 34
$93,404 68
21,192 81
$72,211 87
2,567 52
$93,404 68
21,192 81
$72,211 87
2,567 52
$4,360,481 00 $69,644 35 $69,644 35
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1901, 20, 40 and 70 per cent.
1,355 00
NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY,
NEWBURYPORT.
[Incorporated Feb. 10, 1829. Commenced business May 1, 1829.]
WILLIAM R. JOHNSON, President. LAWRENCE W. BROWN, Secretary.
Detailed Statement of Stocks, Bonds, etc.
100 shares Mer. Nat'i Bank, Newburyport,
31 " Ocean Nat'l Bank, Newburyport,
10 " Bank of Redemption, Boston, .
7 " Hide & Leather Bank, Boston,
10 " Western Union Telegraph Co.,
10 " U. S. Rubber Co., .
Par Value.
$2,000 00
1,550 00
1,000 00
700 00
1,000 00
1,000 00
Market Value.
82,200 00
1,581 00
1,500 00
878 00
920 00
490 00
58
NEWBURYPORT MUTUAL FIRE INSURANCE CO.
12 shares Westinghouse Electric Co.,
20 " Boston & Maine R.R.,
6 " New York Central R.R , .
9 « Chic , Mil. & St. Paul R.R ,
5 " Chicago Junction Stock Yard Co.,
11 " Atch., Topeka & Santa Fe R.R
1 share Central Vermont R.R.,
Central Vermont scrip,
River Bank Court Trust Co. bonds, .
New England Cotton l r ard bonds, .
Minneapolis General Electric Co. bonds,
Meriden, Conn., bonds,
Newport News, Va , bonds,
Penobscot Shore Line bonds,
Rutland R.R. bonds, .
Central Vermont bonds, .
Erie Telephone & Telegraph Co. bonds,
Detroit Telephone Co. bonds, .
Balance due on 10 shares Market National
Bank, Boston (in liquidation),
Par Value.
§600 00
2,000 00
600 00
900 00
500 00
1,100 00
100 00
60 00
2,000 00
1,000 00
1,000 00
1,000 00
2,000 00
2,000 00
1,000 00
2,000 00
3,000 00
2,000 00
Market Value.
61,092 00
3,820 00
996 00
1,495 00
070 00
902 00
8 00
4 80
2,060 00
1,030 00
1,020 00
1,040 00
2,070 00
2,200 00
1,010 00
1,680 00
3,150 00
2,100 00
280 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Gross liabilities,
Net cash assets, 833,400 46
$30,110 00
634,196 80
, 1901.
§700 00
19 25
34,196 80
5 29
3,332 12
638,253 46
84,717 00
136 00
:»3 00
Income.
Premiums on risks written or renewed, . . 81,981 00
Less reinsurance and return premiums, . 55 50
Net cash premiums received, .... 81,925 50
Interest received on mortgages, 38 50
Income from policy fees, 66 30
Gross cash income, 82.030 30
* Value of lands mortgaged, $900 00
Value of buildings thereon, 1,400 00
Amount of insurance held as collateral 700 00
NORFOLK MUTUAL FIRE INSURANCE CO.
59
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
• Amount.
Risks outstanding Dec. 31, 1900, $741,905 00
Risks written during 1901, . 130,000 00
Total, $871,905 00
Risks terminated during 1901, . 128,590 00
Cash Prem's.
$10,670 67
1,981 00
$12,651 67
1,796 67
$1,966
50
1,639
17
633
33
18
37
163
75
349
61
$4,770 73
Conting't Prem's.
$42,682 68
7,924 00
§50,606 68
7,186 68
In force at end of year,
$743,315 00 $10,855 00 §43,420 00
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 100 per cent.
$1,967 00
NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.]
J. WHITE BELCHER, President. JAMES Y. NOYES. Secretary.
Amount of permanent fund,
Detailed Statement of Stocks and Bonds.
Atchison, Topeka & Santa Fe R.R. bonds,
Boston & Maine Railroad bonds,
Boston Consolidated Street R'y Co. bonds,
Boston & Providence R.R. bonds, .
Boston & Lowell R.R. bonds, .
Cincinnati city bonds,
Boston city bonds, ....
Chelsea city bonds, ....
Concord & Montreal R.R. bonds,- .
Fitchburg Railroad bonds,
Conn. & Passumpic Rivers R.R. bonds,
Dexter & Newport R.R. bonds,
Fall River city bonds,
Lawrence city bonds,
Norwich & Worcester R.R. bonds, .
Par Value.
$34,500 00
32,000 00
5,000 00
20,000 00
20,000 00
25,000 00
10,000 00
10,000 00
10,000 00
15,000 00
5,000 00
6,000 00
2,000 00
5,000 00
20,000 00
$334,201 14
Market Value.
$33,300 00
38,680 00
5,250 00
21,600 00
21,700 00
25,000 00
11,200 00
11,937 50
10,800 00
16,625 00
5,650 00
6,210 00
2,317 50
5,600 00
22,050 00
60
NORFOLK MUTUAL FIRE INSURANCE CO.
Fremont, Elkhorn & Mo. Valley R.R. bonds,
Grand Avenue R'y, Kansas City, bonds,
Oregon Short Line Railroad bonds,
Kan. City, St. Jos & Council Bluffs R.R. bMs
N. H Trust Co. bonds, .
Western Security Co. bonds, .
N. E. Mortgage Security Co. bonds,
Lombard Investment Co. bonds,
Minneapolis Gas Light Co. bonds,
Maine Central R.R. bonds,
Newport & Richford R'y Co. bonds,
N. Y., New Haven & Hart. R.R. bonds,
Newton city bonds, ....
Taunton city bonds, ....
Portland & Rumford Falls R.R. bonds,
Lynn city bonds, ....
Salem city bonds, ....
North Andover town bonds,
Philadelphia & Reading R.R. bonds,
Old Colony Railroad bonds,
Union Pacific Railway bonds, .
Northern Pacific & Gt. Northern R.R. bonds,
313 shares Atch , Top & Santa Fe R.R. stock
65 " Dedham Water Co. stock,
60 " Union Pacific R.R. stock,
100 " Old Colony R.R. stock, .
75 '• Boston & Lowell R.R. stock,
125 " Boston & Albany R.R. stock,
20 " Boston & Providence R.R. stock,
13 " Lombard liquidation stock,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),.
Rents due and accrued, ....
Prems, more than three mos. due, 845 00
Gross assets,
Par Value.
§5,000 00
5,000 00
10,000 00
9,000 00
5,500 00
5,000 00
5,000 00
950 00
5,000 00
15,000 00
12,000 00
5,000 00
15,000 00
10,000 00
10,000 00
10,000 00
5,000 00
5,000 00
8,000 00
31,000 00
4,500 00
22,000 00
31,340 00
6,500 00
6,000 00
10,000 00
7,500 00
12,500 00
2,000 00
65 00
Market Value.
§6,750 00
5,000 00
12,500 00
10,350 00
2,500 00
500 00
5,000 00
285 00
5,000 00
16,600 00
13,137 50
5,775 00
16,931 25
11,205 00
10,400 00
11,200 00
5,250 00
5,631 25
10,160 00
34,505 00
4,500 00
20,900 00
28,840 00
6,500 00
5,100 00
20,800 00
18,000 00
31,875 00
6,000 00
65 00
$498,355 00
8o69,180 00
:. 31, 1901.
812,000 00
29,457 91
516 50
569,180 00
1,684 47
6,053 04
8,011 73
7,699 54
66 66
U
AfiSi firtQ R5
* Value of lauds mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
834,700 00
35,000 00
30,100 00
NORFOLK MUTUAL FIRE INSURANCE CO.
61
Liabilities.
Losses adjusted, unpaid, §5 00
claimed and reported, .... 12 00
disputed or resisted, .... 648 37
Unearned premiums on outstanding risks, . 166,079 17
Return premiums on cancelled policies, . . 606 61
Profits or surplus on terminated policies, unpaid, 7,423 01
Commissions and brokerage, . . . . 1,161 68
Gross liabilities,
Net cash assets,
Income
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all
Income from all other sources,
Gross cash income,
$7,604 26
75,999 05
§83,603 31
7,744 54
§75,858 77
932 20
other sources, .
§175,935 84
§458,734 01
§74,926 57
1,578 00
23,818 55
1,581 24
§101,904 36
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
§26,946 84
44,153 16
10,684 29
7,323 70
1,083 86
2,271 68
§92,463 53
Risks and Premiums.
Amount. Cash Prem'8. Contlng't Trem's.
Risks outstanding Dec. 31, 1900, §23,730,629 00 §340,561 60 §310,561 60
Risks written during 1901, . 5,181,885 00 75,999 05 75,999 05
Total, §28,912,514 00 §416,560 65 §416,560 65
Risks terminated during 1901, . 5,125,152 00 75,152 99 75,152 99
In force at end of year, . .§23,787,362 00 §341,407 66 §341,407 66
62
PAPER MILL MUTUAL INSURANCE CO.
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 25, 50 and 70 per cent.
827,401 00
PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated November, 1886. Commenced business April 1, 1887.]
R. W. TOPPAN, President. D. W. LANE, Secretary.
Office, 31 Milk Street.
Detailed Statement of
Portland & Ogdensburg R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
Cincin., Sandusky & Cleveland R.R, bonds,
Maine Central R.R. bonds,
Pennsylvania R.R. bonds,
Newton water bonds,
Boston & Albany R.R. bonds,
Boston & Maine R.R. bonds,
Boston & Lowell R.R. bonds,
Fitchburg R.R. bonds,
Chic. June. & Union Stock Yards bonds,
Chicago, Burl. & Quincy R.R. bonds,
American Bell Telephone bonds,
American Telephone & Telegraph Co. bonds,
Bonds.
Par Value.
£5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
10,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
Market Value.
$5,400 00
4,850 00
5,725 "0
6,100 00
6,250 00
5,600 00
10,750 00
6,250 00
5,450 00
5,600 00
5,050 00
5,000 00
5,0C0 00
5,000 00
675,000 00 f82,025 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the compauy, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
882,025 00
51 68
15,154 78
950 00
643 44
898,824 90
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, ....
$600 00
42,439 46
240 82
43,280 28
Net cash assets,
855,544 62
QUINCY MUTUAL FIRE INSURANCE CO.
63
Income.
Premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources,
$601 02
92 50
$ 508 52
87,902 28
£88,410 80
643 44
$87,767 36
2,842 96
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Amonnt.
Risks outstanding Dec. 31, 1900, $9,879,528 00
Risks written during 1901, . 11,472,520 00
$84,924 40
3,245 81
,170 21
Total, $21,352,048 00
Risks terminated during 1901, . 10,376,696 00
Cash Prem's.
$76,993 01
87,902 28
5164,895 29
80,016 37
$1,722 49
69,866 43
4,729 99
827 04
360 00
1,921 67
$79,427 62
Conting't Prem's.
$384,965 05
439,511 40
$824,476 45
400,081 85
In force at end of year,
.$10,975,352 00 $84,878 92 $424,394 60
Miscellaneous.
Losses incurred during the year, .
Profits or surplus returned during 1901, 90.64 per cent.
►,342 00
QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY.
[Incorporated March 22, 1851. Commenced business May, 1851.]
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary.
Amount of permanent fund, $350,000 00
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
88 shares Rockland National Bank, Boston, . $8,800 00 $11,000 00
70 " Second National Bank, Boston, . 7,000 00 12,250 00
64
QUINOT MUTUAL FIRE INSURANCE CO.
50 shares First National Bank, Boston, .
40 " Merchants' National Bank, Boston,
80 " State National Bank, Boston, .
66 " Washington National B'k, Boston, .
250 M Colonial Nat'l Bank, Boston, .
75 " Redemption Nat'l Bank, Boston, .
50 " Hamilton Nat'l Bank, Boston,
292 " Mt Wollaston Nat'l Bank, Quincy,
44 " Granite National Bank, Quincy,
50 " Wachusett Nat'l Bank, Fitchburg, .
40 " Hingham Nat'l Bank, Hingham, .
48 " First Nat'l B'k, South Weymouth, .
38 " Union National Bank, Weymouth, .
10 " Quinsigamond N'l B'k, Worcester,
50 " Brockton Nat'l Bank, Brockton, .
29 " Plymouth Nat'l Bank, Plymouth, .
25 " First Nat'l Bank, West Newton, .
Balance on 200 shares Manufacturers' Bank,
Boston (in liquidation), ....
Balance on 46 shares Continental National
Bank, Boston (in liquidation),
Balance on 25 shares Market National Bank,
Boston (in liquidation), ....
Balance on 185 shares Third Nat'l B'k, Boston
(in liquidation),
Balance on 25 shares Revere N'l Bank, Boston
(in liquidation),
11 shares Old Colony R.R.
107 " Hingham Cordage Co., .
178 " Lawrence Duck Co.,
50 " State St. Safe Deposit & Trust Co.,
Chic, Burlington & Quincy R.R. bonds, .
Decatur Water Works Co. bonds and stock, .
Michigan Telephone Co. bonds,
Northern Pacific & Gt. North. R'y Co. bonds, .
Par Value.
85,000 00
4,000 00
8,000 00
6,600 00
25,000 00
7,500 00
5,000 00
29,200 00
4,400 00
5,000 00
4,000 00
4,800 00
3,800 00
1,000 00
5,000 00
2,900 00
2,500 00
Market Value.
VJ 00
7,000 00
9,600 00
8,250 00
37,500 00
9,375 00
5,000 00
35,040 00
5,940 00
7,500 00
4,000 00
4,800 00
3,040 00
1,250 00
6,250 00
3,04
2,500 00
500 00
92 00
-
50 00
-
50
_
50 00
1,100 00
2,200 00
10,700 00
500 00
17,800 00
17,800 00
5,000 00
6,000 00
10,000 00
10,400 00
14,300 00
3,000 00
10,000 00
9,5C0 00
48,000 00
45,600 00
?256,400 00
$278,282 00
Securities held as collateral for cash loans: —
750 shares American Woolen Co., .
300 " N. E. Dressed Meat & Wool Co.
Stamford, Ct, city bonds, .
Peoria & Pekin Terminal R'y bonds,
American Hide & Leather Co. bonds,
Haverhill & Amesbury Street R'y bonds,
Certified cashier's check, ....
100 shares North Packing & Provision Co.,
Market Value. Loaned Thereon.
§45,000 00 135,000 00
45,000 00
3,165 00)
6,270 00 j
2,880 00 J.
4,350 00 j
11,000 00 J
10,000 00
25,000 CO
25,000 00
7,500 00
QUINCY MUTUAL FIRE INSURANCE CO.
65
Market Value. Loaned Thereon.
144 shares National Granite Bank, Quincy,
15 " Minnehaha Trust Co,, .
30 " Sioux Falls National Bank, .
Corp'n notes secured by warehouse receipts,
$20,880 00
1,500 00 ?
3,000 00 S
75,000 00 60,000 00
§17,700 00
2,500 00
$228,045 00 $172,700 00
Summary of Assets Dec. 31, 1901
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *) ,
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, ,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Gross liabilities, ....
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Gross cash income,
$21,300 00
69,700 00
3,603 50
278,282 00
172,700 00
46,500 00
284 00
60,463 60
2,050 02
11,633 42
162 50
$237,928 44
4,000 00
150 00
300 00
1,848 75
$8,411 79
134,269 84
$142,681 63
11,633 42
$131,048 21
364 83
sources, .
$666,679 04
244,227 19
$422,451 85
$130,683 38
1,965 46
3,870 81
22,321 56
384 27
$159,225 48
* Value of lands mortgaged
Value of buildings thereon,
Amount of insurance held as collateral, .
$S6,500 00
99,000 00
85,700 00
66
RUBBER MANUFACTURERS MUTUAL INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross expenditures,
841,830 23
62,168 79
,508 96
14,115 96
2,478 67
7 92
$U8,M6 53
Risks and Premiums.
Amount. Cash Prem'8. Conting't Prem'g.
Risks outstanding Dec. 31,1900,833,589,702 00 8495,486 39 8495,4-6 39
Risks written during 1901, . 9,140,137 00 134,269 84 134,269 84
Total, 842,729,839 00 8629,756 23 8629,756 23
Risks terminated during 1901, . 9,577,240 00 144,332 64 144,332 64
In force at end of year, . 33,152,599 00 $485,423 59 $485,423 59
Miscellaneous.
Losses incurred during the year, 8 4 1,186 00
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY,
BOSTON.
[Incorporated Nov. 4, 1SS4. Commenced business Jan. 15, I -
E. S. CONVERSE, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Bonds.
Par Value. Market Value.
N. Y. Central & Hudson River R R. bonds, . 815,000 00 114,700 00
Chicago Terminal Transfer R R. bonds, . . 20,000 00 18,000 00
N. E. Telephone & Telegraph Co. bonds, . 27,000 00 28,250 00
American Bell Telephone Co. bonds, . . 15,000 00 14,925 00
Bangor & Aroostook R.R. bonds, . . . 10,000 00 11,900 CO
West End Street Ry bonds, .... 20,000 00 20,812 50
St. Louis Merchants Bridge Terminal Co. b'ds, 25,000 00 29,000 00
American Writing Paper Co. bonds, . . 10,000 00 6,800 00
American Telephone & Tel. Co. bonds, . . 20,000 00 19,900 00
Fitchburg Railroad bonds, .... 20,000 00 21,750 00
Boston & Lowell R.R. bonds, .... 20,000 00 20,500 00
Maine Central R.R. bonds, .... 16,000 00 16,960 00
Boston Consolidated Street R'y bonds, . . 12,000 00 \-2Mk
8230,000 CO |236,157 50
RUBBER MANUFACTURERS MUTUAL INSURANCE CO.
67
Summary of Assets Dec
Bonds, as per schedule, . . ...
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
State and local taxes', ....
Gross liabilities,
31, 1901.
§236,157 50
3,505 63
25,792 71
3,357 95
9,983 08
§44,852 62
129,055 47
471 17
§278,796 87
174,379 26
Net cash assets, '§104,417 61
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
§8,563 65
315,759 11
§324,322 76
9,983 08
Total,
Premiums now in course of collection,
Net cash premiums received, .
Interest and dividends received from all sources,
Gross cash income,
Expenditures.
Cash paid for losses, . . . .
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for joint office expenses, .
for inspections,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1900, §38,608,501 00 §297,867 89
Risks written during 1901, . 40,876,944 00 315,759 11
Total, §79,485,445 00 §613,627 00
Risks terminated during 1901, . 45,738,176 00 355,516 07
§314,339 68
13,148 70
§327,488 38
§133,025 49
248,826 91
5,822 '96
4,109 30
13,148 90
11,184 62
327 45
§416,445 63
Conting't Prem's.
§1,489,339 45
1,578,795 55
§3,068,135 00
1,777,580 35
In force at end of year,
§33,747,269 00 §258,110 93 §1,290,554 65
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 68| per cent.
§170,124 00
68
SALEM MUTUAL FIRE INSURANCE CO.
SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated April 17, 1838. Commenced business May 1, 1838.]
HOWARD S. PORTER, President. ARTHUR DERBY, Secretary,
Amount of permanent fund, $52,580 66
Detailed Statement of Stocks
Boston & Lowell Railroad bonds,
Boston & Maine Railroad bonds,
Boston & Albany Railroad bonds,
Haverhill city bonds,
Springfield ^(Mass.) city bonds,
Springfield (Ohio) city bonds,
Toledo (Ohio) city bonds,
Cincinnati city bonds,
Chicago city bonds, .
Woburn city bonds, .
Brockton city bonds,
Peabody town bonds,
New Britain (Conn.) city bonds,
Stoneham town bonds,
Cleveland city bonds,
Cook County (111.) bonds,
Ware town bonds,
Medford city bonds, .
Salem city bonds,
Lynn city bonds,
Meriden (Conn.) town bonds,
Somerville (Mass.) city bonds,
Old Colony Railroad bonds,
Fitchburg Railroad bonds,
Quincy (111.) citj- bonds, .
Cranston (R. I.) town bonds,
Columbus (Ohio) city bonds,
Waltham (Mass.) city bonds,
Massachusetts State bonds,
Boston city bonds,
Wilkesbarre (Pa.) city bonds,
Fall River city bonds,
Marlborough city bonds, .
Chelsea city bonds, .
Chicago, Burl. & Quincy R.R. bonds
Pittsburgh (Pa.) city bonds,
Maine Central R.R. bonds,
Illinois Central R.R. bonds,
Eastern R.R. bonds, .
and Bonds.
Par Value.
$3,000 00
1,000 00
1,000 00
1,000 00
1,000 00
350 00
2,000 00
1,000 00
3,000 00
2,000 00
3,000 00
1,000 00
4,000 00
2,000 00
3,000 00
2,000 00
1,000 00
1,000 00
4,550 00
2,000 00
1,000 00
2,000 00
2,000 00
3,000 00
2,000 00
1,000 00
4,000 00
1,000 00
3,000 00
3,000 00
1,000 00
4,000 00
1,000 00
2,000 00
1,000 00
2,000 00
2,000 00
1,000 00
1,000 00
Market Value.
13,320 00
1,140 00
1,075 00
1,125 00
1,045 00
352 63
2,170 00
1,075 00
3,300 00
) 00
3,097 50
1,015 00
4,342 50
2,050 00
3,000 00
2,01(i 00
1,005 00
1,100 00
4,643 75
2,090 00
1,035 CO
2,105 00
2,125 00
3,230 00
2,100 00
1,095 00
4,140 00
1,040 00
3,160 00
3,212 50
1,015 00
4,200 00
1,062 50
2,130 00
U»20 00
2,030 00
2,110 00
1,050 00
1,110 00
SALEM MUTUAL FIRE INSURANCE CO.
69
Milwaukee city bonds,
Stamford (Conn.) city bonds, .
9 shares Boston & Maine R.R.,
15 " Salem Gas Light Co ,
Par Value.
$1,000 00
1,000 00
900 00
1,500 00
Market Value.
$1,070 00
1,050 00
1,586 00
2,122 50
Summary of Assets Dec. 31,
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prems. more than three mos. due, . $20 00
Gross assets,
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
State and local taxes, ....
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, . . .
Gross cash income,
$80,300 00 $85,754 88
1901.
$7,200 00
2,100 00
19 00
85,754 88
1,150 18
361 86
1,121 11
3,128 89
45 00
$227 73
49,249 92
76 95
1,500 85
69 42
526 04
$100,880 92
51,650 91
$49,230 01
$2,852 43
34,328 17
$37,180 60
3,148 89
$34,031 71
1,181 25
sources,
$32,850 46
59 04
130 50
3,310 30
577 35
$36,927 65
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$1,(100 00
1,750 00
2,000 00
70 SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $4,956,085 00
Risks written during 1901, . 2,221,589 00
Total, ....
Risks terminated during 1901,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Cash Prem's.
$84,318 50
34,328 17
$7,177,674 00 $118,646 67
1,974,492 00 26,147 24
$5,203,182 00
97,717 00
$92,499 43
1,170 43
$7,884 82
9,950 95
5,388 62
3,248 00
464 14
450 00
2,359 95
$29,746 48
Conting't Prem's.
$84,318 50
34,328 17
$118,646 67
26,147 24
$92,499 43
1,170 43
$5,105,465 00 $91,329 00 $91,329 00
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 20,40 and 60 percent.
$7,893 00
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE
COMPANY, AMESBURY.
[Incorporated May 18, 1855. Commenced business June 15, 1855.]
W. C. JEWETT, President. E. D. HOWE, Secretary.
[Note. — Policies are issued for one, three and five years, ten per cent, of the premium
notes being received in cash at the time of issuing the policy. The notes are assessed
as necessity requires. No cash fund is accumulated.]
Summary of Assets Dec. 31, 1901.
Cash in the office of the company, ... $8 37
Cash deposited in bank, 1,077 50
Gross assets,
$1,085 87
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection, .
Net cash premiums received,
Received for extra premiums,
Interest, ....
Income from policy fees, .
Gross cash income, .
$2,053 25
140 40
$1,912 85
4 98
56
198 00
$2,116 39
SAUGUS MUTUAL FIRE INSURANCE CO.
71
Expenditures.
Cash paid for losses, ......
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Borrowed money repaid,
Gross cash expenditures, ....
$200 00
§15 00
758 03
14 93
264 77
§1,052 73
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $195,355 00
Risks written during 1901, . 235,680 00
In force at end of year, .
Total, $431,035 00
Risks terminated during 1901, 45,150 00
$385,885 00
Cash Prem's.
§1,779 69
2,053 25
§3,832 94
385 30
Conting't Prem's.
$17,796 90
20,532 50
§38,329 40
3,853 00
§3,447 64 §34,476 40
Miscellaneous.
Losses incurred during the year,
$15 00
SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS.
[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.]
HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary.
[Note. — This company insures nothing but dwellings, farm buildings and their con-
tents, in Lynn, Saugus, Lynnfleld, Swampscott and Nahant. No cash premiums are taken,
but assessments are made on deposit notes to pay losses and expenses. All policies are
issued for a term of three years.]
Summary
of Assets Dec.
31,
1901.
Cash in the office of the company, .
Cash deposited in bank,
Unpaid assessments,
Gross assets,
§11 72
1,340 68
114 00
§1,466 40
Liabilities.
Losses adjusted, unpaid, .
Due for borrowed money,
■ • • •
§57 25
1,500 00
11,557 25
Income.
Interest and dividends received from all sources,
Income from policy fees,
Assessments on deposit notes, ....
. . •
§0 10
516 00
2,901 63
Gross cash income,
§3,417 73
72
SOUTH DAN VERS MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31,1900, . . . f 2,806,050 00
Risks written during 1901, .... 885,100 00
§3,691,150 00
924,250 00
Total, ....
Risks terminated during 1901,
In force at end of year,
•M,613
69
1,420
00
27
78
184
95
83,246 42
Conting't Prem's.
8350,044 00
111,840 00
8461,884 00
115,108 00
82,766,900 00 8346,776 00
Miscellaneous.
Losses incurred during the year, 81,477 00
Assessments laid on deposit notes or contingent premiums, . 2,823 00
SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY,
PEABODY.
[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.]
G. HORACE MERRILL, President. FRANK TAYLOR, Secretary.
Amount of permanent fund, § 33,697 05
Detailed Statement of Stocks
20 shares Warren National Bank, Peabody,
20 " Naumkeag National Bank, Salem,
12 " First National Bank, Salem,
34 " First National Bank, Danvers, .
7 " Hide & Leather Nat'l B'k, Boston,
'4 " Andover National Bank, Andover,
1 " Cape Ann Nat'l Bank, Gloucester,
20 " Naumkeag Steam Cotton Co., .
20 " Androscoggin Mills, .
2 " Nashua Manufacturing Co.,
Balance due on 18 shares National Exchange
Bank, Salem (in liquidation),
15 shares N. Y., New Haven & Hart. R.R.,
Providence, R. I., city bonds, .
Eastern R.R. Co. bonds, ....
3ks and Bonds.
Par Value.
Market Value.
82,000 00
)2,100 00
2,000 00
2,500 00
1,200 00
720 00
2,550 00
2,380 00
700 00
910 00
400 00
440 00
100 00
140 00
2,000 00
1,000 00
2,000 00
2,400 00
1,000 00
1,140 00
630 00
1,500 00
3,150 00
4,000 00
4,520 00
3,000 00
3,450 00
$22,450 00
$25,480 00
SOUTH DAN VERS MUTUAL FIRE INSURANCE CO.
73
Summary of Assets Dec. 31, 1901.
Stocks and bonds as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
$25,480 00
78 00
9,389 25
160 00
$35,107 25
Liabilities.
Unearned premiums on outstanding risks, . $12,704 58
Profits or surplus on terminated policies, unpaid, 1,130 50
Due and accrued for rent, salaries, etc., . . 112 49
Gross liabilities,
Net cash assets,
13,947 57
$21,159 68
Income.
Premiums on risks written or renewed, .
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest and dividends received from all sources,
Income from policy fees,
Gross cash income,
$3,056 62
984 46
;2,072 16
1,535 33
103 00
13,710 49
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for incidentals, .
Borrowed money repaid, .
Gross cash expenditures, .
$2,000 00
$269
70
2,762
12
1,248
16
21
86
120 00
269
59
1,691 43
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $1,175,643 00
Risks written during 1901, . 147,250 00
Total, $1,322,893 00
Risks terminated during 1901, . 182,900 00
Cash Prem's.
$25,100 10
3,056 62
$28,156 72
3,966 62
Contlng't Prem's.
$75,300 30
9,169 86
In force at end of year,
,470 16
11,899 86
. $1,139,993 00 $24,190 10 $72,570 30
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 100 per cent.
$270 00
74 traders' and mechanics' mutual FIRE INSURANCE CO.
TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE
COMPANY, LOWELL.
[Incorporated June, 1848. Commenced business June, 1848.]
C. C. HUTCHINSON, President. E. M. TCCKE, Secretary.
Amount of permanent fund,
$410,098 69
Detailed Statement of Stocks
Andover town bonds,
Boston city bonds,
Boston & Maine R.R. bonds,
Fitch burg city bonds,
Fitchburg R.R. bonds,
Boston United Gas Co. bonds,
Holyoke city bonds, .
Illinois Central R.R. bonds,
Long Island R.R. bonds, .
Massachusetts State bonds,
Maiden sewer bonds,
Marlborough water loan bonds,
Marblehead water bonds, .
Ogdensburg & Lake Champlain R.R. bonds,
Rutland Canadian R.R. bonds,
Quincy (111.) city bonds, .
New England R.R. bonds,
Maine Central R.R. bonds,
St. Johnsbury & Lake Champ. R.R. bonds,
Chicago sanitary bonds, .
35 shares Bigelow Carpet Co.
4 " Boott Cotton Mills,
2 " Hamilton Manufacturing Co.
50 " Lawrence Gas Company,
300 " Lowell Gas Company, .
114 " Massachusetts Cotton Mills,
110 " Merrimack Manufacturing Co
15 " Middlesex Mills, .
50 " Tremont & Suffolk Mills,
100 " Old Lowell National Bank,
25 " Vermont & Mass. R.R., .
200 " Mass. Electric Co., .
Securities held as collateral for cash loans
35 shares Criterion Knitting Co.,
12 " N. E. Tel. & Tel. Co.,
and Bonds.
Par Value.
§ 15,000 00
20,000 00
20,000 00
10,000 00
15,000 00
20,000 00
15,000 00
45,000 00
10,000 00
25,000 00
10,000 00
10,000 00
10,000 00
20,000 00
20,000 00
12,000 00
10,000 00
20,000 00
20,000 00
20,000 00
3,500 00
4,000 00
2,000 00
' 5,000 00
30,000 00
11,400 00
11,000 00
1,500 00
5,000 00
10,000 00
2,500 00
20,000 00
Market Value.
817,212*50
22,100 00
25,500 00
11,250 00
16,930 00
16,800 00
17,400 00
43,950 00
11,425 00
25,718 75
11,475 00
11,475 00
11,250 00
20,400 00
20,400 00
13,080 00
13,875 00
21,100 00
26,500 00
21,800 00
3,587 50
3,200 00
1,555 CO
6,000 00
75,000 00
11,318 00
11,110 00
1,500 00
5,100 00
11,250 00
4,375 00
18,500 00
$452,900 00 $532,136 75
Market Value. Loaned Thereon.
85,250 00 85,000 00
1,680 00 1,000 00
86,930 00 86,000 00
traders' and mechanics' mutual FIRE INSURANCE CO. 75
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
All other cash loans,
Cash in the office of the companj^, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, .....
31, 1901.
$14,250 00
93,125 80
532,136 75
6,000 00
10,000 00
2,950 93
7,111 50
1,200 00
17,025 44
$683,800 42
Liabilities.
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
f305,864 25
4,423 72
2,404 04
312,692 01
$371,108 41
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected, . . ,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
$14,049 31
168,486 29
$182,535 60
17,025 44
$165,510 16
6,660 56
sources,
$158,849 60
790 95
5,197 93
21,572 51
325 21
$186,736 20
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
Gross cash expenditures, .
$55,962 00
80,310 04
23,917 17
23,422 15
994 11
1,600 00
$186,205 47
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$97
102
250 00
550 00
84,300 00
76 WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, $42,765,391 00 $647,068 13 $647,068 13
Risks written during 1901, . 11,218,195 00 168,486 29 168,486 29
Total, .... $53,983,586 00 $815,554 42 $815,554 42
Risks terminated during 1901, 12,449,360 00 192,907 93 192,907 93
In force at end of year, . .$41,534,226 00 $022,646 49 $022,646 49
Miscellaneous.
Losses incurred during the year, $55,962 00
Profits or surplus returned during 1901, 20, 40 and 60 per cent.
WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE
COMPANY, SPRINGFIELD.
[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.]
ELISHA MORGAN, President. CHAS. E. STICKS! V <>cretary.
Summary of Assets Dec. 31, 1901.
Cash in the office of the company, . . . $915 56
Cash in hands of collecting agents, . . . 100 00
Due on account of assessments, $50,494 44
Gross assets, $1,015 56
Liabilities.
Unearned premiums on outstanding risks, . $1 25
Return premiums on cancelled policies, . 3,189 19
Due and accrued for rent, salaries, etc., . . 8,065 15
Commissions and brokerage, .... 2 82
Gross liabilities, 11,258 41
Balance against the company, $10,242 85
Income.
Premiums on risks written or renewed, $2 50
Received from assessments, 1,046 70
Received from all other sources, 178 28
Gross cash income, $1,227 48
Expenditures.
Cash paid for State and local taxes, $6 54
Cash paid for incidentals, 930 85
Gross cash expenditures, $937 39
WEST NEWBURY MUTUAL FIRE INSURANCE CO.
77
Risks and Premiums.
Risks outstanding Dec. 31, 1900,
Risks written during 1901,
Total,
Risks terminated during 1901, .
In force at end of year, .
Amount.
$500 00
500 00
$1,000 00
500 00
$500 00
Cash Prem's. Conting't Prem's.
$2 50 $7 50
2 50 7 50
&5 00
2 50
$2 50
§15 00
7 50
$7 50
WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, WEST
NEWBURY.
[Incorporated March, 1828. Commenced business April, 1828.]
RICHARD NEWELL, President. MYRON H. GOODWIN, Secretary.
[Note. — This company charges no cash premiums, but relies upon assessments on
deposit notes to pay losses and expenses.]
Summary of Assets Dec. 31, 1901.
Cash in the office of the company,
Cash deposited in bank, .
Unpaid assessments, .
Office furniture,
Gross assets,
Losses claimed and reported,
Due for borrowed money,
Commissions and brokerage,
Gross liabilities,
Liabilities.
$13 47
151 90
68 78
§85 00
2,500 00
2 69
$234 15
$2,587 69
Income.
Income from policy fees, .
Assessments on deposit notes, .
Gross cash income,
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for interest on borrowed money, .
for incidentals, ....
Gross cash expenditures, ....
873 50
7,162 62
57,236 12
$3,835
88
431
53
469
20
72
16
13
75
191
95
69
43
$5,083 90
78 WHITING MUTUAL INSURANCE CO.
Risks and Premiums.
Amount. Conting"t Prem's.
Risks outstanding Dec. 31, 1900, . . '. $1,880,725 00 f 117,080 36
Risks written during 1901, .... 180,168 00 11,836 06
Total, $2,060,893 00 §128,916 42
Risks terminated during 1901 365,976 00 22,095 29
lu force at end of year, $1,694,917 00 £106,821 13
Miscellaneous.
Losses incurred during the year, $2,234 00
Assessments laid on deposit notes or contingent premiums, . 7,131 00
WHITING MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated Nov. 9, 189S. Commenced business Jan. 1, 1899.]
CHARLES E. STEVENS, President. BENJAMIN TAFT, Secretary.
31 Milk Street.
Detailed Statement of Bonds.
Par Value. Market Ya'.ue.
Chicago Terminal Transfer R.R. bonds, . . ,000 00 -84,500 00
American Bell Telephone Co. bonds, . . 5,000 00 75 00
New England Telephone & Telegraph bonds, 4,000 00 4,480 00
American Tel. & Tel. Co. bonds, . . . 8,000 00 7,960 00
Western Union Telegraph Co. bonds, . . 3,000 CO 3,225 00
825,000 00 $25,140 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
Net cash assets, $4,918 95-
10 66
4,658 59
432 50
794 28
831,036 OS
826,095 87
21 21
26,117 08
WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 79
Income.
Premiums outstanding Dec. 31, 1900, . . $1,57148
Premiums on risks written or renewed, . . 16,447 09
Total $18,018 57
Premiums now in course of collection, . . 794 28
Entire premiums collected, .... $17,224 29
Interest and dividends received from all sources, . . . 903 83
Gross cash income, $18,128 12
Expenditures.
Cash paid for losses, $4,627 66
as profits on terminated policies, .... 3,491 17
for State and local taxes, 146 20
Gross cash expenditures, $8,265 03
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1900, $3,500,05'0 00 $31,04195 $ 62,083 90
Risks written during 1901, . 2,595,380 00 16,447 09 32,894 18
Total $6,095,430 00 $47,489 04 $94,978 08
Risks terminated during 1901, . 1,072,888 00 5,33125 10,662 50
In force at end of year, . . $5,022,542 00 $42,157 79 $84,315 58
Deduct amount reinsured, . 276,260 00 736 51 1,473 02
Net amount in force, . . $4,746,282 00 $41,42128 $82,842 56
Miscellaneous.
Losses incurred during the year, $3,425 00
Profits or surplus returned during 1901, 75 per cent.
WORCESTER MANUFACTURERS 1 MUTUAL INSURANCE COM-
PANY, WORCESTER.
[Incorporated March 31, 1855. Commenced business March 31, 1S55.J
WALDO E. BUCK, President. CHARLES S. BACON, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
City National Hank (Worcester) stock, . . §3,000 00 §3,750 00
Connecticut River R.R. stock, .... 10,000 00 29,000 00
80 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO.
Norwich & Worcester R.R. stock,
Union Pacific R.R. stock, .
Northwestern Tel. Co. stock, .
Concord & Montreal R.R. bonds,
Boston & Lowell R.R. bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Eastern Illinois R.R. bonds, .
Rutland R.R. bonds,
Old Colony R.R. bonds, .
Fitchburg R.R. bonds,
Boston & Maine R R. bonds, .
Union Pacific R.R. bonds,
Oregon Short Line R.R. bonds,
Oregon R.R. & Navigation Co. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Central R.R. of New Jersey bonds,
Ogdensburg & Lake Champlain R'y bonds,
Wisconsin Central R.R. bonds,
Chic. June. R'y & Union Stock Yard Co. bonds
Connecticut River R.R. scrip, .
West End Street Railway bonds,
Old Colony Steamboat Co. bonds," . i
American Bell Telephone Co. bonds,
American Tel. & Tel. Co. bonds,
Rio Grande Western Railway bonds,
Toronto, Hamilton & Buffalo R'y bonds, .
Erie Railroad bonds, ....
Union Pacific R.R. bonds,
Cincinnati, Richmond & Muncie R.R. bonds,
Par Value.
85,200 00
10,000 00
10,000 00
20,000 00
20,000 00
21,000 00
15,000 00
10,000 00
15,000 00
15,000 00
20,000 00
5,000 00
5,000 00
10,000 00
15,000 00
10,000 00
10,000 00
10,000 00
6,000 00
13,000 00
10,000 00
15,000 00
25,000 00
10,000 00
10,000 00
5,000 00
10,000 00
2,000 00
10,000 00
Market Va'.ue.
|ll,700 00
8,800 00
12,500 00
22,000 00
22,800 00
21,000 00
16,650 00
10,000 00
16,650 00
16,200 00
25,600 00
5,250 00
5,900 00
10,200 00
15,450 00
13,100 00
10,300 00
8,800 00
6,600 00
13,000 00
10,800 00
15,300 00
25,000 00
9,900 00
10,000 00
4,900 00
9,500 00
2,120 00
10,800 00
$355,200 00 $403,570 00
Summary of Assets Dec. 31, 1901.
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
6403,570 00
22 42
45,095 53
5,560 67
4,203 45
6 158,452 07
Liabilities.
Losses claimed and reported, .... $1,860 52
Unearned premiums on outstanding risks, . 194,776 89
State and local taxes, 1,362 24
Gross liabilities,
197,999 65
Net cash assets, §260,452 42
WORCESTER MUTUAL FIRE INSURANCE CO.
81
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total, ......
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and retifrn premiums,
Net cash premiums received, .
Interest and dividends received from all sources,
§3,500 06
403,782 42
$407,282 48
4,203 45
$403,079 03
12,001 79
$391,077 24
16,800 80
Gross cash income, §407,878 04
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspections, etc.,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1900, $46,694,570 00 $357,081 09
Risks written during 1901, . 52,741,262 00 403,782 42
Total, §99,435,832 00 $760,863 51
Risks terminated during 1901, . 48,883,136 00 371,309 72
$9,085 67
339,531 24
9,941 53
3,805 52
1,000 00
6,070 32
1,936 50
$371,370 78
Conting't Prem'a.
$1,785,405 45
2,018,912 10
$3,804,317 55
1,856,548 60
In force at end of year,
.$50,552,696 00 $389,553 79 $1,947,768 95
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 94 T 3 2 (, 3 o per cent.
$10,946 00
WORCESTER MUTUAL FIRE INSURANCE COMPANY,
WORCESTER.
[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.]
LEWIS N. GILBERT, President. ROGER F. UPHAM, Secretary.
Amount of permanent fund,
Detailed Statement of Stocks and Bonds.
85 shares Worcester National Bank,
22 " Central National Bank, .
Par Value.
$8,500 00
2,200 00
$420,000 00
Market Value.
$14,875 00
2,420 00
82
WORCESTER MUTUAL FIRE INSURANCE CO.
50 shares Citizens' National Bank, .
100 " City National Bank,
34 " Mechanics' National Bank,
45 " Quinsigamond National Bank,
40 " Fitchburg Nat'l Bank, Fitchburg,
10 " Oxford National Bank, Oxford,
15 " Blackstone Nat'l Bank, Uxbridge,
20 " First Nat'l Bank, Westborough,
25 " Wachusett Nat'l Bank, Fitchburg,
Boston & Maine Railroad bonds,
Boston & Albany R.R. bonds, .
Cincin., Hamilton & Dayton R.R. bonds,
Portland & Ruraford Falls R.R. bonds,
Fitchburg Railroad bonds,
N. Y., New Haven & Hartford R.R. bonds,
Worcester, Nashua & Rochester R.R. bonds,
Maine Central R.R. bonds,
Penobscot Shore line R.R. bonds,
Michigan Central R.R. bonds, .
West End Street Railway bonds,
Old Colony R.R. bonds, .
Illinois Central R.R. bonds,
Chicago, Burl. & Qnincy R.R. bonds,
Ottumwa & Cedar Falls R.R. bonds,
St. Paul, Minn. & Manitoba R.R. bonds,
Boston & Lowell R.R. bonds, .
Chic, Rock Island & Pacific R.R. bonds,
Concord & Montreal R.R. bonds,
Par Value.
$5,000 00
10,000 00
3,400 00
4,500 00
4,000 00
1,000 00
1,500 00
2,000 00
2,500 00
15,000 00
10,000 00
12,000 00
10,000 00
25,000 00
20,000 00
8,000 00
5,000 00
5,000 00
6,000 00
8,000 00
20,000 00
26,000 00
15,000 00
5,000 00
10,000 00
50,000 00
10,000 00
15,000 00
Market Value.
|7,000 00
12,500 00
3,400 00
6,300 00
5,600 00
1,000 00
1,500 00
2,000 00
3,000 00
17,400 00
10,500 00
13,200 00
10,100 00
27,250 00
21,700 00
8,800 00
5,500 00
5,300 00
6,480 00
8,080 00
21,800 00
26,000 00
15,000 00
5,400 00
11,350 00
53,500 00
10,300 00
16,050 00
Securities held as collateral for cash loans : —
60 shares Howard Bros. Manuf. Co. stock,
Mechanics' Savings Bank book,
$319,600 00 8353,305 00
Market Value. Loaned Thereon.
86,000 00 85,000 00
1,050 00 450 00
87,050 00 85,450 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . $100,000 00
Loans on mortgage of real estate (first liens*), 325,206 00
Interest due or accrued thereon, . . . 7,424 45
Stocks and bonds, as per schedule, . . . 353,305 00
Loans on collateral security, as per schedule, . 5,450 00
* Value of lands mortgaged $201,200 00
Value of buildings thereon, 480,600 00
Amount of insurance held as collateral, .... 344,500 00
WORCESTER MUTUAL FIRE INSURANCE CO.
83
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, . . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$1,775 00
614 93
7,915 59
5,026 03
10,857 79
740 07
8818,314 86
Liabilities.
Losses claimed and reported, .... $1,500 00
Unearned premiums on outstanding risks, . 308,189 37
Return premiums on cancelled policies, . . 658 18
Profits or surplus on terminated policies, unpaid, 2,780 16
Due and accrued for repairs on real estate, . 500 00
Commissions and brokerage, .... 3,606 93
Gross liabilities,
317,234 64
Net cash assets, $501,080 22
Income.
Premiums outstanding Dec. 31, 1900, . . $12,697 11
Premiums on risks written or renewed, . . 155,671 17
. Total, $168,368 28
Premiums now in course of collection, . . 10,857 79
Entire premiums collected, .... $157,510 49
Less reinsurance and return premiums, . . 6,598 55
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources,
Income from rents, ....
Gross cash income,
$150,911 94
790 74
29,550 16
8,289 70
$189,542 54
Expenditures.
Cash paid for losses,
as profits onterminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals, ....
$30,585 87
83,966 56
21,730 15
15,333 22
5,143 45
3,277 12
8,387 53
Gross cash expenditures,
$168,423 90
84 WORCESTER MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Contlng't Prem's.
Risks outstanding Dec. 31, 1900, $43,446,668 00 $610,985 51 1610,985 51
Risks written during 1901, . 11,182,176 00 155,671 17 155,671 17
Total, $54,628,844 00 $766,656 68 $766,656 68
Risks terminated during 1901, . 10,434,013 00 148,613 99 148,613 99
In force at end of year, , .$44,194,83100 $618,042 69 $618,042 69
Miscellaneous.
Losses incurred during the year, $81,163 00
Profits or surplus returned during 1901, 25, 50 and 70 per cent.
AGGREGATE.
Guaranty capital, .
Gross present assets,
Assets.
Liabilities.
Gross present liabilities, ....
Income.
Cash received for premiums during the year,
for interest and dividends, .
for assessment on deposit notes,
for rents, ....
from all other sources, .
Gross cash income, ....
Expenditures.
Cash paid for losses,
for brokerage and commissions on premiums,
for salaries and fees of officers and employees,
for interest on borrowed money,
for State and local taxes,
for rents,
for return of profits or surplus, .
for dividends on guaranty capital,
for all other expenditures, .
Total expenditures,
General Items.
Risks written during the year, ....
terminated during the year,
outstanding at end of year,
Amount of contingent premiums receivedjtaereon,
of losses incurred during the year, .
of permanent fund,
$ 100,000
$11,855,949
$5,653,888
$5,772,916
439,866
12,091
36,125
6,070
$6,267,068
$1,072,837
263,868
310,927
792
72,531
20,719
4,080,642
7,000
248,430
$6,077,746
$643,892,267
635,324,415
954,026,899
26,944,610
1,194,226
3,972,773
MASSACHUSETTS
Mutual Fire-Harine Insurance Companies.
Detailed Statement of Assets and Liabilities, with Abstract
op Annual Statements, for the Year ending
December SI, 1901.
88
CHIXA MUTUAL INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
CHINA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.]
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary.
Office, 70 Kilby Street.
Detailed Statement of Stocks, etc.
Par Value.
300 shares N. Y., N. H. & Hartford RR, . $30,000 00
200 " Boston & Albany Railroad, . . 20,000 00
Atlantic Mutual Insurance Co. scrip, . . 3,210 00
Market Value.
163,600 00
52,200 00
3,402 00
Summary of Assets Dec
Stocks, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Bills receivable,
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Commissions and brokerage, etc., .
Gross liabilities, except scrip, .
Surplus as regards policy holders,
Scrip outstanding, not ordered to be redeemed,
Impairment of scrip reserve, .
$53,210 00 $119,202 00
31, 1901.
$119,202 00
6,665 20
80,576 73
50,663 58
43,391 77
5,000 00
$305,499 28
84,570 00
48,373 05
§52,943 05
8,650 00
$44,293 05
135,350 99
60 00
154 90
5,000 00
184,858 94
£120,640 34
506,090 00
$385,449 66
CHINA MUTUAL IXSURANCE CO.
89
Income.
Marine premiums outstanding Dec. 31, 1900, . $62,967 99
Premiums on risks written or renewed, . . 450,149 82
Total, |513,117 81
Premiums now in course of collection, . . 50,663 58
Entire premiums collected, .... $462,454 23
Less reinsurance and return premiums, . . 71,849 01
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
Gross cash income,
$390,605 22
5,194 25
$395,799 47
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Interest paid scrip holders, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$312,828 39
45,482 05
8267,346 34
15,182 00
21,951 79
18,295 00
3,510 99
12,442 34
. $338,728 46
Risks and Premiums.
Premiums.
Marine risks outstanding Dec. 31, 1900, . . $9,064,527 00 $252,380 31
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. 31,189,210 00 450,149 82
.$40,253,737 00 $702,530 13
. 30,147,101 00 462,209 14
.$10,106,636 00 $240,320 99
327,069 00 14,601 37
1,779,567 00 $225,719 62
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Marine and inland losses incurred during the year,
$18,572,661 00
. 13,242,225 00
219,900 00
90
INDIA MUTUAL INSURANCE CO.
INDIA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated March 29, 1867. Commenced business May 2, 1867.]
Guaranty Fund paid up in Notes, $150,000.
H. B. ALDEN, President. GEO. H. CROWE LL, Secretary.
Office, 72 Kilby Street.
Detailed Statement of Stocks, etc.
Par Value
150 shares Old Colony R.R., .
80 " Boston & Maine R.R., .
125 " West End R.R.,
100 " N.Y., New Haven & Hart. R.R.,
25 " Fitchburg R.R.,
10 " Boston & Albany R.R., .
10 " Pullman Palace Car Co.,
10 " Southern Oregon Co.,
15 " Massachusetts Electric R'y, .
f 15,000 00
8,000 00
6,250 00
10,000 00
2,500 00
1,000 00
1,000 00
1,000 00
1,500 00
Company's own scrip,
$5,801 00
646,250 00
Summary of Assets Dec. 31, 1901.
Stocks, etc., as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank,
Premiums in course of collection (gross),
Subscription notes on time not exceeding twelve
months not yet due,
Prem's more than three mos. due, $1,358 24
Gross assets,
$92,102 00
1,165 77
5,262 23
11,970 09
150,000 00
Liabilities.
Losses claimed and reported,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Interest due or accrued on scrip,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except guaranty fund,
Surplus as regards policy holders, .
Guaranty fund,
Scrip outstanding, not ordered to be redeemed,
Impairment of scrip reserve, .
?7,486 41
77 06
§7,409 35
45,404 28
721 93
138 85
2,633 -40
218 37
30 22
$150,000 00
150,471 00
Market Value.
$31,500 00
15,280 00
14,062 00
21,200 00
3,625 00
2,610 00
2,180 00
250 00
1,395 00
692,102 00
6260,500 09
56,556 40
§203,943 69
300,471 00
696,527 31
INDIA MUTUAL INSURANCE CO.
91
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of .collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from investments,
Gross cash income, .
$9,646 66
41 43
$9,605 23
88,299 83
$97,905 06
13,328 33
$84,576 73
12,540 46
$72,036 27
3,496 74
3,857 87
$79,390 88
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent,
for incidentals, ....
Gross cash expenditures, ....
$42,789 39
1,732 30
§41,057 09
4,035 88
3,967 47
15,349 56
7,212 50
253 97
1,500 00
1,621 70
f74,998 17
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. §6,270,762 00
. 7,913,702 00
Premiums.
$73,626 04
88,299 83
.$14,184,464 00 $161,925 87
. 6,595,268 00 71,728 12
. $7,589,196 00
297,549 00
$90,197 75
3,151 40
. $7,291,647 00 687,046 35
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
$3,806,616 00
2,737,005 00
44,413 00
1,787 00
AGGREGATE.
Whole amount of guaranty fund, in subscription notes,
Whole amount of outstanding scrip not cancelled,
Gross present assets,
Assets.
Liabilities.
Gross present liabilities,
Income.
Cash actually received for fire premiums, .
actually received for marine premiums,
for interest and dividends from all sources,
from all other sources,
Gross cash income,
Expenditures.
Cash actually paid during the year for fire losses,
actually paid during the year for marine losses,
for brokerage and commissions on premiums,
for salaries and pay of officers and employees,
for State and local taxes, ....
for office agency and incidental expenses, .
Interest paid scrip holders,
Gross cash expenditures, ....
Miscellaneous.
Whole amount of fire risks written during the year,
premiums charged or receivable thereon,
marine risks written during the year,
premiums charged or receivable thereon,
fire risks terminated during the year,
marine risks terminated during the year,
fire risks outstanding at end of year,
marine risks outstanding at end of year,
fire losses incurred during the year, .
marine losses incurred during the year,
1150,000
656,561
$565,999
$241,415
$72,036
390,605
8,691
3,858
$475,190
$41,057
271,382
37,301
25,508
3,765
15,564
19,149
$413,726
67,913,702
88,300
31,189,210
450,150
6,595,268
30,147,101
7,291,647
9,779,567
44,413
219,900
MASSACHUSETTS
JOINT-STOCK FIRE, MAEINE AND FIRE-MAKINE
INSURANCE COMPANIES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1901.
94
AMERICAN INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated June 12, 1818. Commenced business June 18, 1818.]
Paid-up Capital, $300,000.
FRANCIS PEA BODY, President. HENRY S. BEAN, Secretary.
Office, 30 Kilby Street.
Detailed Statement of Stocks
222 shares Old Boston National Bank,
62
66
121
280
100
28
69
168
482
13
200
80
New England National Bank,
Suffolk National Bank, .
State National Bank,
National Union Bank,
Merchants' National Bank,
Tremont National Bank,
Washington National Bank, .
National Shawmut Bank,
Boston & Albany R.R., .
Boston & Lowell R.R., .
Old Colony Railroad,
Merrimack Manufacturing Co.,
Chicago, Burl. & Quincy R.R. bonds,
Eastern R.R. bonds,
Chic, Mil. & St. Paul R.R. bonds, .
Cincin., Ind., St. Louis & Chic. R.R. bonds,
Massachusetts State bonds,
United States bonds,
Boston Terminal Co. bonds,
American Tel. & Tel. Co. bonds,
Somerset Hotel Trust bonds, ,
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
and Bonds.
Par Value.
$22,200 00
6,200 00
6,600 00
12,100 00
28,000 00
10,000 00
2,800 00
6,900 00
16,800 00
48,200 00
6,500 00
20,000 00
8,000 00
47,000 00
20,000 00
25,000 00
40,000 00
18,000 00
6,000 00
20,000 00
25,000 00
35,000 00
Market Value.
622,644 00
9,300 00
8,910 00
14,762 00
43,680 00
17,500 00
280 00
9,315 00
40,320 00
125,320 00
15,665 00
42,000 00
8,080 00
47,470 00
22,200 00
32,250 00
42,000 00
18,540 00
8,370 00
23,200 00
24,812 50
35,000 00
8430,300 00 8611,618 50
31, 1901.
8611,618 50
596 60
32,293 06
3,344 50
77,467 30
8725.319 96
AMERICAN INSURANCE CO.
95
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$9,146 72
33,248 95
§42,395 67
3,946 46
$38,449 21
229,481 74
3,968 62
331 03
15,827 64
17,363 11
1,833 00
Surplus over capital, .
- $307,254 35
. £418,065 61
300,000 00
. $118,065 61
Income.
Fire premiums outstanding Dec. 31, 1900, . 846,640 11
Premiums on risks written or renewed, . . 422,567 29
Total, $469,207 40
Premiums now in course of collection, . . 77,467 30
Entire premiums collected, .... $391,740 10
Less reinsurance and return premiums, . . 93,475 92
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from all other sources,
Gross cash income,
£298,264 18
21,316 34
250 00
$319,830 52
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$164,922 22
24,402 39
$140,519 83
18,000 00
71,748 61
19,315 18
8,981 37
25,066 87
Gross cash expenditures, .
. $283,631 86
96
BOSTON INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . -8,051,898 00 ?408,77G 51
Fire risks written during 1901, . . . 37,670,375 00 422,567 29
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$75,722,273 00 8831,343 80
29,499,845 00 320,303 23
.846,222,428 00 $511,040 57
. 6,598,113 00 76,300 46
.839,624,315 00 8134,7.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company^ stock owned by directors, ....
813,218,371 00
8,743,838 00
163,975 00
2,87-
18,000 00
40,600 00
BOSTON INSURANCE COMPANY, BOSTON.
[Incorporated Dec. 23, 1S73. Commenced business Jan. 20, 1874.]
Paid-up Capital, $1,000,000.
RANSOM B. FULLER, President. THOMAS H. LORD, Secretary.
Office, 95 Kilby Street.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Boston city bonds, 8125,000 00 6138,875 00
Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 10,407 50
Brookline Gas Light Co. bonds, . . . 25,000 00 27,406 25
Newton city bonds, 25,000 00 28,000 00
West Shore R.R. bonds, 5,000 00 5,700 00
Boston & Lowell Railroad bonds, . . . 25,000 00 28,312 50
Oregon Short Line R.R. bonds, . . . 10,500 00 13,397 50
Fitchburg Railroad bonds, .... 35,000 00 39,312 50
Wisconsin Central R.R. bonds, . . . 12,000 00 10,860 00
Illinois Central R.R. bonds, .... 25,000 00 25,562 50
X. Y. Cent. & Hudson River R.R. bonds, . 2<»,000 00 19,525 00
Old Colony R.R. bonds, 15,000 00 16,8l'0 00
Atch., Topeka & Santa Fe R.R. bonds, . . 86,000 00 85,395 00
Southern R'y Co. bonds 2,000 00
Great Britain exchequers, .... 14,535 00 14,389 65
717 shares American Tel. & Tel. Co., . . 71,700 00 116,154 00
350 " Boston & Albany R.R., . . . 35,000 00 91,350 00
100 " Boston & Lowell R.R., . . . 10,000 00 24.100 00
250 " Fitchburg R.R. Co., . . . 25,000 00 36,000 00
BOSTON INSURANCE CO.
97
ares N. Y. Cent. & Hud. River R.R. Co.,
" N. Y , New Haven & Hart. R.R. Co ,
" Old Colony K.R. Co.,
" Pullman Palace Car Co.,
" Conn. & Passumpsic Riv. R.R. Co
" Wisconsin Central R'y Co.,
•« Chic, Milwaukee & St. Paul R'y,
" Pennsylvania R.R. Co,, .
" Manchester & Lawrence R.R. Co.,
" Edison Electric Illuminating Co.,
" Manchester Mills,
" Atlantic Bank,
" Atlas Bank,
" Beverly Bank, .
" Brookline Bank,
" Commercial Bank,
" Exchange Bank,
" First Bank,
" First Bank, Salem,
" Freeman's Bank,
" Grand Bank, Marblehead,
" Hide & Leather Bank, .
" Lincoln Bank (in liquidation)
" Massachusetts Bank,
M Mercantile Bank, Salem,
" Merchants 1 Bank, .
" Merchants' Bank, Salem,
" National Shawmut Bank,
" Naumkeag Bank, Salem,
" New England Bank,
11 Old Boston Bank, .
" Railroad Bank, Lowell,
" Republic Bank,
11 Second Bank, .
" State Bank,
" Suffolk Bank, .
" Tremont Bank (in liquidation),
Par Value.
§80,000 00
30,000 00
10,000 00
30,000 00
5,000 00
12,000 00
22,000 00
40,000 00
3,000 00
5,400 00
20,000 00
10,000 00
11,000 00
13,000 00
10,000 00
18,200 00
10,000 00
10,000 00
10,000 00
12,500 00
1,700 00
7,300 00
1,660 00
25,000 00
10,000 00
25,000 00
5,000 00
20,000 00
10,000 00
15,000 00
10,000 00
5,000 00
15,000 00
20,000 00
30,000 00
6,700 00
2,500 00
Market Value.
$133,800 00
63,600 00
21,000 00
65,400 00
8,100 00
3,772 50
36,327 50
60,200 00
7,560 00
13,068 00
20,400 00
12,200 00
11,811 25
18,606 25
12,625 00
24,206 00
13,950 00
17,500 00
8,000 00
12,625 00
1,972 00
9,161 50
1,660 00
28,187 50
10,200 00
43,875 00
6,450 00
48,000 00
12,525 00
21,600 00
10,000 00
6,531 25
22,650 00
36,100 00
37,500 00
9,045 00
2,500 00
$1,148,695 00 $1,606,276 15
Securities held as collateral for cash loans : —
83 shares Boston Safe Deposit and Trust Co., .
Market Value. Loaned Thereon.
$20,750 00 §15,000 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . $20,000 00
Loans on mortgage of real estate (first liens *), 1,256,150 00
Interest due or accrued thereon, . . . 8,616 61
* Value of property mortgaged, $2,696,600 00
Amount of insurance held as collateral, .... 1,056,700 00
98
BOSTON INSURANCE CO.
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for Ore, marine and inland risks.
Reinsurance due on losses paid,
Atlantic Mutual Insurance Co. scrip,
Return premiums, etc., ....
Prem's more than three mos. due, 811,426 42
Matured notes not paid, . . 5,797 15
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed, reported and resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
81,606,276 15
15,000 00
13,477 16
452,781 94
3,929 29
216,612 56
83,474 88
3,391 94
1,750 00
1,027 41
$3,682,487 94
$31,594 05
170,245 00
$201,839 05
6,814 69
$195,024 36
700,450 95
24,773 78
10,496 96
1,968 27
- 932,714 32
. $2,749,773 62
. 1,000,000 00
. $1,749,773 62
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
$52,546 42
846,640 22
§899,186 64
97,548 74
$801,637 90
257,953 31
8312,301 63
1,111,254 37
$1,423,556 00
219,762 27
$1,203,793 73
220,016 03
$543,684 59
$983,777 70
BOSTON INSURANCE CO.
99
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Profit on sale of securities,
Income from all other sources, ....
Gross cash income,
$44,220 41
75,875 43
1,587 00
69,569 99
6,369 80
$1,725,084 92
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals,
Gross cash expenditures, .
$444,668 75
64,003 98
$566,504 31
116,189 64
$380,664 77
450,314 67
130,000 00
245,463 49
133,740 21
36,061 48
317 39
80,038 83
. $1,456,600 84
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . .$85,341,437 00 $915,150 97
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. 80,651,759 00 846,640 22
$165,993,196 00 $1,761,791 19
. 68,673,746 00 741,785 17
. $97,319,450 *00 $1,020,006 02
. 14,772,634 00 149,852 40
,546,816 00 $870,153 62
. $6,602,899 00 $426,154 24
.162,851,627 00 1,111,254 37
$169,454,526 00 $1,537,408 61
. 162,797,158 00 1,134,396. 31
1,657,368 00 $403,012 30
327,965 00 21,169 21
Net amount in force, .
1,329,403 00 $381,843 09
100
MERCANTILE FIRE AND MARINE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (13 per cent.),
Company's stock owned by directors, . . . .
?33,324,984 00
22,468,308 00
471,257 00
563,036 00
2,360,000 00
130,000 00
93,800 00
MERCANTILE FIRE AND MARINE INSURANCE COMPANY,
BOSTON.
[Incorporated Feb. 11, 1823. Commenced business May, 1823.]
Paid-up Capital, $400,000.
GEO. R. ROGERS, President. JAMES SIMPSON, Secretary.
Office, 47 Eilby Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
City of Boston bonds, $10,000 00 $10,700 00
Kan. city, Ft. Scott & Memphis R.R. bonds, . 5,000 00 6,150 00
Oregon R'y^fe Navigation Co. bonds, . . 2,000 00 2,040 00
Concord & Montreal R.R. bonds, . . . 10,000 00 10,962 00
Old Colony R.R. bonds 25,000 00 27,787 00
City of Cambridge, Mass., bonds, . . . 5,000 00 5,350 00
Boston & Albany R.R. bonds, .... 15,000 00 16,200 00
Boston & Lowell R.R. bonds, .... 5,000 00 5,300 00
City of Lowell, Mass., bonds, .... 5,00000 5,61000
Boston & Maine R.R. bonds, .... 10,000 00 11,550 00
City of Taunton bonds, 5,000 00 5,650 00
Fitchburg R.R. bonds, 4,000 00 4,150 00
City of Providence, R. L, bonds, . . . 10,000 00 11,300 00
Boston Terminal Co. bonds, .... 15,000 00 17,400 00
N. Y., N. H. & Hartford R.R. bonds, . . 10,000 00 10,500 00
West End R.R. bonds, 5,000 00 5,200 00
Chicago, Burl & Quincy R.R. bonds, . . 10,000 00 10,250 00
Fitchburg R.R. bonds, 10,000 00 10,532 00
Northern Pacific & Gt. Northern R.R. bonds, . 15,000 00 14,512 00
West End R.R. bonds 10,000 00 10,000 00
St. Louis Transit, collateral trust bonds, . . 15,000 00 14,700 00
Illinois Central R.R. (St. Louis) bonds, . . 10,000 00 9,000 00
Mexican Central R.R. collateral notes, . . 10,000 00 10,000 00
New England National Bank stock, . . 16,000 00 24,000 00
National Shawmut Bank stock, . . . 5,500 00 12,650 00
Railroad National Bank stock, .... 1,800 00 2,376 00
State National Bank stock, .... 17,800 00 21,360 00
Suffolk National Bank stock, .... 15,60000 21,06000
Third Nat'l Bank (in liquidation), ... - 1,10000
MERCANTILE FIRE AND MARINE INSURANCE CO.
101
Union National Bank stock, ....
Boston & Providence R.R. stock,
Lyman Mills stock,
Union Pacific R.R. stock,
Securities held as collateral for cash loans : —
Illinois Central R.R. (Louisville) bonds,
Massachusetts State bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Taunton city bonds,
Boston city bonds,
Par Value.
$20,000 00
20,000 00
10,000 00
3,500 00
Market Value.
$31,200 00
60,200 00
7,000 00
3,605 00
$331,200 00 $419,394 00
Market Value. Loaned Thereon.
$11,220 00 s
7,700 00
5,600 00 J. $40,000 00
11,900 00 I
7,875 00 J
$44,295 00 $40,000 00
Summary of Assets Dec
Loans on mortgage of real estate (first liens *)
Interest accrued thereon, ....
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $1,572 09
Gross assets,
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
31, 1901.
$184,100 00
1,374 65
419,394 00
40,000 00
5,527 00
34,955 92
3,301 48
74,738 69
$763,391 74
Surplus over capital,
$31,000 32
7,125 00
$38,125 32
10,352 16
$27,773 16
194,375 62
2,318 12
100 01
10,484 99
10,885 55
485 01
246,422 46
$516,969 28
400,000 00
$116,969 28
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$201,325 00
185,400 00
194,050 00
102
MERCANTILE FIRE AND MARINE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1900, . $29,830 70
Premiums on risks written or renewed, . . 489,569 25
Total, $519,399 95
Premiums now in course of collection, . . 76,310 78
Entire premiums collected, .... $443,089 17
Less reinsurance and return premiums, . . 222,923 49
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income, ........
8220,165 68
6,987 66
13,450 26
$240,603 60
Expenditures.
Cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
8125,333 96
16,000 00
62,838 74
24,021 97
5,326 40
24,056 71
8257,577 78
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . .$37,724,452 00 $396,259 13
Fire risks written during 1901, . . . 44,107,447 00 489,569 25
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$81,831,899 00 $885,828 38
. 29,589,796 00 310,639 57
.$52,242,103 00 8575,188 81
. 22,169,773 00 225,553 17
. $30,072,330 00 $349,035 64
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (4 per cent.), .
Company's stock owned by directors, ....
$9,852,493 00
6,289,406 00
136,286 00
2,308,720 00
16,000 00
146,900 00
NORTH AMERICAN INSURANCE CO.
103
NORTH AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated December, 1872. Commenced business Jan. 1, 1873.]
Paid-up Capital, $200,000.
CHARLES E. MACULLAR, President. CHARLES L. WOODSIDE, Secretary.
Office, 59 Kilby Street.
Detailed Statement of Stocks
Chicago, Burl. & Quincy R.R. bonds,
Central R.R. of Vermont bonds,
Ogdensburg & Lake Champlain R.R. bonds,
Union Pacific R.R. bonds,
Chic. June. & Union Stock Yards R.R. bonds,
American Bell Telephone Co. bonds,
Massachusetts water loan,
Newton city bonds,
Hartford, Conn., city bonds,
17 shares Exchange National Bank,
29 ■
143 ■
50 '
100 '
67 '
50 '
Hide & Leather National Bank,
Old Boston National Bank,
Shoe & Leather National Bank,
State National Bank,
Suffolk National Bank, .
Northern R.R.,
and Bonds.
Par Value.
$14,000 00
5,000 00
4,000 00
15,000 00
5,000 00
15,000 00
15,000 00
15,000 00
10,000 00
1,700 00
2,900 00
14,300 00
5,000 00
10,000 00
6,700 00
5,000 00
Market Value.
$14,550 00
4,375 00
4,120 00
15,825 00
5,500 00
15,000 00
16,575 00
17,700 00
10,762 50
2,499 00
3,915 00
14,639 62
7,762 50
12,500 00
9,045 00
8,700 00
$143,600 00 $163,468 62
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $803 00
Gross assets,
31, 1901.
$46,550 05
44,000 00
586 96
163,468 62
4,048 60
2,859 62
1,341 66
23,483 12
165 00
2,682 05
$289,185 68
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$33,700 00
73,700 00
67,400 00
104
NORTH AMERICAN INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
Income
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Profit on sale of investments, .
other
$5,731 68
4,042 48
$9,774 16
500 00
$9,274 16
54,190 76
2,542 91
1,632 48
$37,992 83
200,669 81
$238,662 64
24,286 12
$214,376 52
124,142 28
sources,
667,640 31
1221,545 37
200,000 00
$21,545 37
$90,234 24
2,806 48
8,274 17
1,883 62
4,723 43
Gross cash income, 1107,921 94
Expenditures.
Cash paid for fire losses, $130,381 44
Deduct salvage and reinsurance, .' . . 35,154 85
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Borrowed money repaid, 835,000 00
$95,226 59
5,128 00
13,222 40
17,659 00
4,586 04
10,336 80
Gross cash expenditures,
$146,158 83
SPKINGFIELD FIRE AND MARINE, INSURANCE CO.
105
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, . . 9
Deduct amount reinsured,
Net amount in force, .
. $ 32,965,388 00
. 20,083,192 00
. $53,048,580 00
. 26,545,549 00
. $26,503,031 00
. 15,755,858 00
Premiums.
$311,838 91
200,669 81
$512,508 72
255,287 38
$257,221 34
150,304 11
.$10,747,173 00 $106,917 23
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (2£ per cent.),
Company's stock owned by directors, ....
$3,623,375 00
2,893,414 00
96,431 00
378,000 00
5,000 00
59,300 00
SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY,
SPRINGFIELD.
[Incorporated 1849. Commenced business 1851.]
Paid-up Capital, $2,000,000.
A. W. DAMON, President. W. J. MACKAY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
1,500 shares Boston & Albany R.R., . . $150,000 00 $382,500 00
500 " Boston & Lowell R.R., . . 50,000 00 120,000 00
1,150 " Chic, Milwaukee & St. Paul R'y, 115,000 00 210,750 00
400 " Connecticut R.R., . . . . 40,000 00 112,000 00
500 " Conn. & Passumpsic Rivers R.R., 50,000 00 52,500 00
500 " Fitchburg Railroad, . . . 50,000 00 70,000 00
700 " Great Northern Railway, . . 70,000 00 126,000 00
750 " Illinois Central Railroad, . . 75,000 00 101,250 00
1,000 " New York & Harlem R.R., . . 50,000 00 200,000 00
2,050 " N. Y., New Haven & Hart. R.R., . 205,000 00 430,500 00
500 " Old Colony R.R., .... 50,000 00 105,000 00
3,000 u Pennsylvania Railroad, . . 150,000 00 225,000 00
240 " Rome, Watert'n & Ogdens. R.R., . 24,000 00 32,400 00
1,000 « Union Pacific Railroad, . . 100,000 00 90,000 00
200 " Fourth National Bank, N. Y., . 20,000 00 47,000 00
100 " Nat'l Bank of Commerce, N. Y„ . 10,000 00 36,000 00
100 " Nat'l Bank of N. America, N. Y., . 10,000 00 28,500 00
106
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
100 shares Atlas National Bank, Boston,
150 " Boylston National Bank, Boston,
100 " Eliot National Bank, Boston,
62 " • Freeman's Nat'l Bank, Boston,
150 " Merchants' Nat'l Bank, Boston,
113 " Nat'l Bank of Commerce, Boston
100 " Nat'l B'k of the Republic, Boston
100 " National Exchange Bank, Boston
150 " National Shawmut Bank, Boston
100 " National Webster Bank, Boston,
100 " New England Nat'l Bank, Boston
100 " Old Boston Nat'l Bank, Boston,
100 " Washington Nat'l Bank, Boston,
120 " Agavvam Nat'l Bank, Springfield
250 " Chapin Nat'l Bank, Springfield,
208 " Chicopee Nat'l Bank, Springfield
100 " City National Bank, Springfield,
329 " First National Bank, Springfield
200 " John Hancock N'l B'k, Springfield
244 " Second National B'k, Springfield
280 " Third National Bank, Springfield
171 " First National Bank, Chicopee,
81 " Franklin Co. Nat'l B'k, Greenfield
285 " City National Bank, Holyoke,
94 " Monson National Bank, Monson,
20 " Adams Nat'l Bank, No. Adams,
60 " First Nat'l Bank, Northampton,
50 " Northampton N'l B'k, N'hampton
37 " Palmer National Bank, Palmer,
75 " Ware National Bank, Ware,
100 " St. Paul N'l Bank, St. Paul, Minn.
500 " Pullman's Palace Car Co., .
1,500 " West End Street Railway, .
700 " Holyoke Street Railway,
1,000 " Springfield Street Railway, .
1,000 " Worcester R'ys and Investm't Co.
United States bonds, ....
City of Boston bonds, ....
Chicago, Burl. & Quincy R.R. bonds,
Chic. & Northwest'n R'y sinking fund bonds,
N. Y., New Haven & Hartford R.R. bonds,
Northern Pacific-Great Northern bonds,
St. Paul, Minn & Manitoba R'y bonds,
Union Pacific bonds,
Berkshire (Mass.) Water Co. bonds,
Holyoke Street Railway bonds,
Torrington Co. bonds,
Par Value.
$10,000 00
15,000 00
10,000 00
6,200 00
15,000 00
11,300 00
10,000 00
10,000 00
15,000 00
10,000 00
10,000 00
10,000 00
10,000 00
12,000 00
25,000 00
20,800 00
10,000 00
32,900 00
20,000 00
24,400 00
28,000 00
17,100 00
8,100 00
28,500 00
9,400 00
2,000 00
6,000 00
5,000 00
3,700 00
7,500 00
10,000 00
50,000 00
75,000 00
70,000 00
100,000 00
100,000 00
60,000 00
25,000 00
14,000 00
49,000 00
60,000 00
25,000 00
50,000 00
20,000 00
15,000 00
8,000 00
25,000 00
Market Value.
fl 1,000 00
15,750 00
16,500 00
6,200 00
26,250 00
14,690 00
15,000 00
14,000 00
36,000 00
11,500 00
15,000 00
10,000 00
13,500 00
9,000 00
30,000 00
32,240 00
14,500 00
36,190 00
21,000 00
32,940 00
58,800 00
23,085 00
8,505 00
32,775 00
12,690 00
2,300 00
7,500 00
10,000 00
3,700 00
7,875 00
9,000 00
105,000 00
155,000 00
147,000 00
210,000 00
100,000 00
78,000 00
25,000 00
14,000 00
53,900 00
120,000 00
23,750 00
57,500 00
20,000 00
15,000 00
S,000 00
25,000 00
$2,377,900 00 $4,034,040 00
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
107
Securities held as collateral for cash loans : —
30 shares Third National Bank, Springfield,
68 " Boston & Albany R.R. Co., .
135 " N. Y.,\N. H. & Hartford R.R. Co.,
15 " Agawam Nat'l Bank, Springfield,
90 " Revere, Mass., Water Co.,
30 " Eastern Oil Co., Olean, N. Y.,
Market Value. Loaned Thereon.
$6,300 00
17,340 00
28,350 00
1,125 00
18,000 00
3,150 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, . .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance, $5,810,623 65
$222,325 00
554,450 00
13,623 23
4,084,040 00
21,375 00
8,610 34
409,699 06
27,308 37
543,336 02
1,355 84
12,500 79
$2,775 00
6,500 00
1,100 00
9,000 00
2,000 00
$74,265 00 $21,375 00
$5,898,623 65
88,000 00
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$85,822 31
298,173 50
34,756 01
$418,751 82
79,311 32
$339,440 50
2,163,584 45
108,667 20
4,576 22
12,616,268 37
43,765 24
2,572,503 13
. $3,238,120 52
. 2,000,000 00
. $1,238,120 52
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$383,100 00
653,400 00
669,400 00
108
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 81, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
other
Expenditures.
Cash paid for fire losses, ....
Deduct reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employ
for State and local taxes,
for incidentals,
Gross cash expenditures, $2,734,741 07
$391,502 59
2,835.26
$388,667 33
3,923,493 87
$4,312,161 20
543,336 02
$3,768,825 18
846,747 15
sources,
$2,922,078 03
30,562 32
158,898 79
4,408 71
$3,115,947 85
$1,726,500 58
236,320 21
ees.
$1,490,180 37
150,000 00
561,822 08
121,964 57
97,215 85
313,558 20
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$342,383,034 00 $3,439,430 24
. 313,578,672 00 3,923,493 87
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$655,961,706 00 $7,362,924 11
.208,811,547 00 2,874,350 84
$447,150,159 00 $4,488,573 27
. 44,999,994 00 423,803 27
$402,150,165 00 $4,064,770 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (Jh per cent.),
Company's stock owned by directors, ....
$48,394,762 00
28,949,377 00
1,615,683 00
4,154,542 00
150,000 00
102,100 00
AGGREGATE.
Capital Stock.
Whole amount of capital actually paid up in cash,
Assets.
Liabilities.
Gross present liabilities,
Income.
Cash actually received for fire premiums, .
actually received for marine premiums,
for interest and dividends from all sources,
from all other sources,
•
$3,900,000
$11,271,010
$4,126,533
$4,074,427
983,778
362,392
88,793
Gross cash income,
$5,509,390
Expenditures.
Cash actually paid during the year for fire losses,
actually paid during the year for marine losses,
dividends to stockholders,
for brokerage and commissions on premiums,
for salaries and pay of officers and employees,
for State and local taxes, ....
for office, agency and incidental expenses,
$2,231,926
450,315
319,128
955,095
316,701
152,170
453,376
Gross cash expenditures,
$4,878,711
Miscellaneous.
Whole amount of fire risks written during the year,
premiums charged or receivable thereon,
marine risks written during the year,
premiums charged or receivable thereon,
fire risks terminated during the year,
marine risks terminated during the year,
fire risks outstanding at end of year,
marine risks outstanding at end of year, .
cash dividends declared during the year,
fire losses incurred during the year,
marine losses incurred during the year, .
$496,093,445
5,882,940
162,851,627
1,111,254
363,120,483
162,797,158
565,140,799
6,329,403
319,128
2,483,632
563,036
FIRE, MARINE AND FIRE-MARINE
INSURANCE COMPANIES
OF OTHER STATES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1901.
112
JETKA INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
"^ETNA INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June, 1819. Commenced business August, 1819.]
Paid-up Capital, $4,000,000.
WM. B. CLARK, President. \VM. H. KING, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bonds, $100,000 00 $139,500 00
Arizona Territory bonds, 15,000 00 17,100 00
New Mexico Territory bonds, .... 10,000 00 11,500 00
Alabama State bonds, 10,000 00 10,900 00
Georgia State bonds, 25,000 00 27,125 00
Mississippi State bonds, 11,000 00 12,320 00
New Hampshire State bonds 29,500 00 31,122 50
Tennessee State bonds, 23,000 00 22,195 00
Mecklenburg County, N. C, bonds, . . 67,000 00 80,400 00
Spokane Co., Wash., court house and jail b'ds, 25,000 00 26,250 00
Talbot County, Ga., court house bonds, . . 11,000 00 11,880 00
Norwich, Conn., town bonds, .... 100,000 00 114,500 00
Westmount, Quebec, town debenture bonds, . 50,000 00 50,500 00
Americus, Ga., city pub. b'l'g, sch. and se'r b's, 16,000 00 19,520 00
Albina, Oregon City, boulevard bonds, . . 25,000 00 32,500 00
Bainbridge, Ga., city academy bonds, . . 8,000 00 9,200 00
Boston, Mass., city bonds, .... 30,000 00 31,650 00
Buffalo, N. Y., city water bonds, . . . 50,000 00 54,500 00
Chicago, 111., sanitary district bonds, . . 50,000 00 56,250 00
City of Sioux Falls, S. D., funding bonds, . 25,000 00 25,500 00
Dallas, Tex., city water and sewer bonds, . 50,000 00 56,000 00
Dalles City, Ore., water bonds, . . . 12,500 00 13,125 00
Dayton, O., city street paving bonds, . . 25,000 00 26,250 00
Fostoria, O., city water bonds, .... 25,000 00 26,500 00
Greensboro, N. C, city school bonds, . . 24,000 00 26,880 00
Greenville, Ala., city school bonds, . . . 20,000 00 21,800 00
Hamilton, O., city gas works bonds, . . 10,000 00 10,200 00
Jersey City, N. J., city hall bonds, . . . 25,000 00 30,000 00
Lexington, Ky., city bonds, .... 50,000 00 52,500 00
Montreal, Can., corporation stock, . . . 6,000 00 6,720 00
Montreal, Can., harbor bonds, .... 4,000 00 4,360 00
New Brunswick, N. J., water bonds, . . 2,000 00 2,140 00
^ETNA INSURANCE CO.
113
Ogden City, Utah, bonds, .
Port of Portland, Ore., bonds,
Rahway, N. J., city bonds,
Richmond, Va., city bonds,
Roanoke, Va., city bonds, .
Seattle, Wash., city, water and sewer bonds,
Tacoma, Wash., city, water and light bonds,
Topeka, Kan., city funding bonds,
Urbana, O., city bonds,
Watsonville, Cal., school bonds,
Winston, N. C, city bonds,
Winnipeg, Man., city bonds, .
New York Dock Cp. bonds,
Loan & Guarantee Co. of Conn, bonds,
People's Gas Lt. & Coke Co., Chic, bonds,
School Dis. No. 2, Enfield, Conn., bonds,
Masonic Temple Corp., Wilm., N. C, bonds,
Y. M. C. A., Wilmington, N. C, bonds,
Atlantic Mutual Ins. Co. scrip, .
Albany & Susquehanna R.R. bonds,
Alabama Central R.R bonds, .
Atlantic & Danville R'y bonds,
Baltimore & Ohio R R. bonds, .
Buffalo, N. Y. & Erie R.R. bonds,
Canadian Pacific R'y bonds,
Central Branch R'y bonds,
Central Pacific R'y bonds,
Central R.R. of N. J. bonds,
Chesapeake & Ohio R.R. bonds,
Cleve., Col., Cin. & Indianap. R.R. bonds
Chicago, Burl. & Quincy R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Chic. & Northwestern R.R. bonds, .
Chicago North Shore Street R'y bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Chicago & Western Indiana R.R. bonds, .
Cicero & Proviso Street R'3% Chicago, bonds,
Cincinnati, Dayton & Ironton R.R. bonds,
Cin., Hamilton & Dayton R.R. bonds,
Columbus & Toledo R.R. bonds,
Connecticut River R.R. scrip, .
Dayton & Western R.R. bonds,
Delaware & Hudson Canal bonds, .
Flint & Pere Marquette R.R. bonds,
Galveston, Harrisb'g & San Antonio R'y bonds
Georgia R.R & Banking Co. bonds,
Hartford Street R'y bonds,
Harlem River & Port Chester R.R. bonds,
Par Value.
!$ 18,000 00
50,000 00
22,000 00
44,750 00
30,000 00
50,000 00
25,000 00
25,000 00
25,000 00
7,000 00
25,000 00
34,793 00
55,000 00
3,200 00
50,000 00
4,000 00
30,000 00
20,000 00
30,830 00
100,000 00
25,000 00
50,000 00
75,000 00
20,000 00
78,000 00
37,000 00
26,000 00
50,000 00
50,000 00
60,000 00
180,000 00
135,000 00
188,000 00
25,000 00
160,000 00
124,000 00
25,000 00
25,000 00
82,000 00
80,000 00
15,000 00
33,000 00
25,000 00
50,000 00
50,000 00
25,000 00
50,000 00
150,000 00
Market Value.
$19,440 00
59,500 00
19,800 00
51,485 00
31,800 00
54,250 00
26,125 00
27,750 00
25,000 00
7,140 00
27,375 00
36,184 72
51,700 00
3,200 00
54,500 00
4,000 00
31,500 00
20,000 00
32,679 80
113,000 00
29,875 00
48,000 00
77,250 00
27,600 00
85,800 00
33,300 00
26,490 00
67,000 00
52,500 00
81,600 00
192,380 00
166,200 00
230,080 00
28,000 00
185,000 00
148,320 00
26,750 00
28,750 00
91,840 00
91,200 00
15,300 00
36,300 00
37,500 00
57,750 00
54,500 00
29,000 00
53,500 00
160,000 00
114
iETNA INSURANCE CO.
Hocking Valley R'y bonds,
Illinois Central R.R. bonds,
Indianapolis & Vincennes R.R. bonds,
Iowa Central R'y bonds, ....
Jefferson ville, Madison & Ind. R.R. bonds,
Keokuk & Des Moines R.R. bonds, .
Lake Shore & Michigan Southern R.R. bonds
Louisville, New Albany & Chic. R.R. bonds,
Lehigh Valley Terminal R.R. bonds,
Lehigh Valley R'y bonds,
Mahoning Coal R.R. bonds,
Michigan Central R.R. bonds, .
Minneapolis & St. Louis R'y bonds,
Minneapolis Union R.R. bonds,
Morris & Essex R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
N. Y., Lake Erie & Western R.R. bonds,
New England R.R. bonds,
N. Y. & New England R.R. bonds, .
N. Y., New Haven & Hart. R.R. certificates,
N. Y., Susquehanna & Western R.R. bonds,
Northwestern Union R.R. bonds,
Norfolk & Western R.R. bonds,
North Chicago Electric R'y bonds, .
North Chicago Street R R. bonds, .
Northern Pacific Great Northern Joint bonds
Oswego R.R. Bridge Co. bonds,
Ohio & West Virginia R.R. bonds, .
Pittsburgh, Fort Wayne & Chicago R.R. bonds
Port Reading R.R. bonds,
St. Paul, Minn. & Manitoba R.R. bonds,
St. Paul & Northern Pacific R.R. bonds,
St. Paul & Sioux City R.R. bonds, .
Southern Pacific R.R. of California bonds,
Southern R'y bonds, .
Terre Haute & Peoria R.R. bonds,
Toledo & Ohio Central R.R. bonds,
Vermont Valley R.R. bonds, .
Wabash R.R. bonds, .
West Chicago Street R.R. Tunnel bonds,
West Shore R.R. bonds, .
Willmar & Sioux Falls R.R. bonds,
400 shares American Telegraph & Cable Co.
300 " Gold and Stock Telegraph Co.,
300 " International Ocean Tel. Co.,
1,000 " Northwest Telegraph Co., .
50 " Connecticut River Co.,
10 " Underwriters' Sal. Co. of N. Y.,
Par Value.
$25,000 00
100,000 00
50,000 00
50,000 00
10,000 00
40,000 00
189,000 00
25,000 00
100,000 00
80,000 00
30,000 00
50,000 00
118,000 00
50,000 00
135,000 00
175,000 00
45,000 00
50,000 00
50,000 00
75,000 00
25,000 00
25,000 00
50,000 00
25,000 00
25,000 00
110,000 00
50,000 00
30,000 00
196,000 00
50,000 00
25,000 00
50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
54,000 00
25,000 00
50,000 00
50,000 00
25,000 00
40,000 00
30,000 00
30,000 00
50,000 00
5,000 00
1,000 00
Market Value.
|27,250 00
106,000 00
59,000 00
47,500 00
11,200 00
44,000 00
207,900 00
29,000 00
119,000 00
88,000 00
38,700 00
51,500 00
157,570 00
65,000 00
187,400 00
187,250 00
63,000 00
66,500 00
57,000 00
153,750 00
29,000 00
36,500 00
67,000 00
28,250 00
26,500 00
107,800 00
58,000 00
35,700 00
264,560 00
55,000 00
35,500 00
66,000 00
32,500 00
27,250 00
30,250 00
12,500 00
28,750 00
61,020 00
29,500 00
52,500 00
57,000 00
31,250 00
38,400 00
36,900 00
36,000 00
62,500 00
5,000 00
500 00
^ETNA INSURANCE CO. 115
Par Value. Market Value.
575 shares N. Y. Dock Co., .... $57,500 00 $25,075 00
500 " Albany & Susquehanna R.R. Co., 50,000 00 115,000 00
500 " Bald Eagle Valley R.R. Co., . 25,000 00 51,250 00
233 " Baltimore & Ohio R.R. Co., . . 23,300 00 22,135 00
750 " CI., Cm., Chic. & St. L. R.R. Co., . 75,000 00 90,750 00
1,000 " Cleveland & Pittsburgh R.R. Co., 50,000 00 97,500 00
935 " Chic, Mil. & St. Paul R'y Co., . 93,500 00 175,440 00
350 " Chic. & Northwestern R.R. Co., . 35,000 00 82,250 00
420 " Chic, Rock Is. & Pacific R.R. Co., 42,000 00 63,000 00
300 " Connecticut River R.R. Co., . 30,000 00 85,500 00
500 " Conn. & Passumpsic R's R.R. Co., 50,000 00 52,500 00
300 " Dayton & Michigan R.R. Co., . 15,000 00 31,800 00
200 " Del. & Bound Brook R.R. Co., . 20,000 00 42,000 00
500 " Fort Wayne & Jackson R.R. Co., 50,000 00 75,000 00
100 " Georgia R.R. and Banking Co., . 10,000 00 23,800 00
181 " Illinois Southern R'y Co., . . 18,100 00
100 " Joliet & Chicago R.R. Co., . . 10,000 00 19,600 00
400 " Kala., Alleg. & Gr. Rap. R.R. Co., 40,000 00 60,000 00
200 " Keokuk & Des Moines R.R. Co., . 20,000 00 8,400 00
1,000 " Morris & Essex R R. Co., . . 50,000 00 98,000 00
920 " N. Y. Cent. & Hud. Riv. R.R. Co., 92,000 00 152,720 00
500 " N. Y. & Harlem R.R. Co., . . 25,000 00 103,750 00
1,875 '• N. Y., N. H. & Hart. R.R. Co., . 187,500 00 397,500 00
500 " Oswego & Syracuse R.R. Co., . 25,000 00 57,500 00-
1,000 " Pitts., Ft. Wayne & Chic. R.R. Co., 100,000 00 195,000 00
150 " Peoria & Bureau Valley R.R. Co., 15,000 00 32,250 00
1,000 " Rensselaer & Saratoga R.R. Co., . 100,000 00 214,000 00
637 " St. Jos. S. Bend & So'n R.R. Co , 63,700 00 9,350 00
400 " Valley (N. Y.) R.R. Co., . . 40,000 00 52,000 00
200 " .Etna National B'k, Hart., Conn., 20,000 00 37,000 00
200 " American Nat'l B'k, Hart., Conn., 10,000 00 14,500 00
400 " Charter Oak N'l B'k, Hart., Conn., 40,000 00 40,000 00
188 " City Bank, Hartford, Conn., . 18,800 00 18,800 00
150 " Conn. Riv. BVg Co., Hart., Conn., 4,500 00 6,750 00
350 " Far. & Mech. N'l B'k, Hart., Conn., 35,000 00 42,700 00
300 " First Nat'l Bank, Hart., Conn., . 30,000 00 39,000 00
1,000 " Hartford Nat'l B'k, Hart, Conn., . 100,000 00 135,000 00
550 " Nat'l Exch. Bank, Hart., Conn., . 27,500 00 35,750 00
1,000 " Phoenix Nat'l B'k, Hart., Conn., . 100,000 00 125,000 00
550 " State Bank, Hartford, Conn., . 55,000 00 71,500 00
400 " American Exch. Nat'l B'k, N. Y., 40,000 00 116,000 00
400 " B'k of the Manhattan Co., N. Y., 20,000 00 65,000 00
300 " B'k of N. Y. N'l B'k'g Asso., N.Y., 30,000 00 99,000 00
75 " First National Bank, N. Y., . . 7,500 00 57,750 00
300 " Hanover Nat'l Bank, N. Y., . . 30,000 00 208,500 00
300 " Imp. & Traders' Nat'l B'k, N. Y., 30,000 00 183,000 00
100 " Market & Fulton N'l B'k, N. Y., . 10,000 00 26,000 00
700 " Merchants' Nat'l Bank, N. Y., . 35,000 00 68,250 00
116
iETNA INSURANCE CO.
120 shares Merchants' Exch. N'l B'k, N. Y.,
1,200 M Mechanics' Nat'l Bank, N. Y.,
400 " Metropolitan National Bank, N.Y
(in liquidation),
200 " Nassau Bank, N. Y., .
500 " National Bank of Com., N. Y.,
200 " National B'k of N.America, N.Y.
200 " National City Bank, N. Y., .
300 " Phenix Nat'l Bank, N. Y., .
200 " People's Bank, N. Y., .
100 " Third National Bank, N. Y. (in
liquidation),
250 " Far. & Mech. N'l B'k, Phila., Pa.
100 " First Nat'l B'k, Albany, N. Y.,
100 " N. Brit. N'l B'k, N. Brit., Conn.,
100 " Central Trust Co., N. Y., .
100 " Holland Trust Co., N. Y., .
100 " Metropolitan Trust Co., N. Y.,
150 M N. Y. Life Ins. & Tr. Co., N. Y.,
100 " United States Trust Co., N. Y.,
100 " Union Trust Co., N. Y.,
Par Value. Market Value.
$6,000 00 1,480 00
30,000 00' 87,000 00
10,000 00
50,000 00
20,000 00
20,000 00
6,000 00
5,000 00
25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
15,000 00
10,000 00
10,000 00
1,200 00
20,000 00
182,500 00
57,000 00
120,000 00
7,080 00
13,000 00
3,000 00
31,250 00
12,500 00
15,500 00
192,500 00
5,000 00
52,500 00
202,500 00
170,000 00
140,000 00
Securities held as collateral for cash loans
25 shares Nat'l Bank of Commerce, N. Y.,
25 " Mechanics' National Bank, N. Y.,
$8,382,473 00$ 12,181,832 02
Market Value. Loaned Thereon.
$9,125 00
1,812 50
$3,600 00
$10,937 50 $3,600 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$230,000 00
12,600 00
196 00
12,181,832 02
3,600 00
2,917 60
1,024,625 40
375 00
629,301 18
-$14,085,447 20
315,934 72
Balance, $13,769,512 48
* Value of lands mortgaged 816,200 00
Value of buildings thereon, 15,000 00
Amount of insurance held as collateral, . . . 15,000 00
^ETNA INSURANCE CO.
117
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
),917 65
596,324 16
26,009 34
$703,251 15
147,697 41
$555,553 74
3,563,265 56
76,714 15
84,332 56
146,216 32
22,347 86
$4,448,430 19
236,090 30
$4,212,339 89
$9,557,172 59
4,000,000 00
$5,557,172 59
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Deposits received for perpetual fire risks,
Gross cash income, ....
$479,768 49
5,834,671 06
^6,314,439 55
519,611 85
^5,794,827 70
1,474,441 46
$97,783 63
467,203 51
$564,987 14
109,689 33
$455,297 81
122,289 87
sources, .
$7,076 16
$4,320,386 24
333,007 94
861 00
493,649 05
4,664 20
$5,152,568 43
118
.ETNA INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . —
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
Risks and Premiums.
$3,099,482 68
527,528 97
$173,747 27
56,868 55
$2,571,953 71
116,878 72
700,000 00
786,409 60
306,525 44
139,222 83
333,530 33
$1,227 50
. $4,954,520 63
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (notincPd above),
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total, . . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Premiums.
$623,474,191 00 $7,104,261 89
492,095.524 00 5,834,671 06
$1,115,569,715 00$12,938,932 95
471,647,274 00 5,392,128 33
$643,922,441 00 $7,546,804 62
77,309,341 00 954,430 37
$566,613,100 00 $6,592,374 25
$3,365,728 00 $80,751 73
$7,611,705 00 $235,397 55
131,057,701 00 467,2u3 51
$138,669,406 00 $702,601 06
128,104,440 00 429,632 10
$10,564,966 00 $272,968 96
1,809,663 00 45,096 35
$8,755,303 00 8227,872 61
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (17.5 per cent), .
Company's stock owned by directors, ....
$167,538,000 00
90,931,965 00
2,665,341 00
146,936 00
26,493,365 00
700,000 00
220,900 00
AGRICULTURAL INSURANCE CO.
119
"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y.
[Incorporated 1853.* Commenced business February, 1853.]
Paid-up Capital, $500,000.
A. H. SAWYER, President. W. H STEVENS, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
State of Georgia bonds $ 10,000 00 $11,800 00
City of Portland, Ore., bonds, . . . , 50,000 00 62,500 00
City of Richmond, Va., bonds, .... 27,000 00 28,620 00
City of Watertown, N. Y., acceptances, . . 500 00 500 00
Chicago, Mil. & Sf. Paul R'y bonds, . . 20,000 00 23,800 00
Northern Pacific R'y bonds, . . . . 10,000 00 10,000 00
Lehigh Valley R'y, N. Y„ bonds, . . . 20,000 00 22,000 00
Lehigh & Hudson River R.R. bonds, . . 5,000 00 5,100 00
Union Pacific R.R. bonds, 2,000 00 2,140 00
Jefferson Power Co. bonds, .... 40,000 00 42,000 00
Consol. Water Co. of Utica, N. Y., bonds, . 10,000 00 10,000 00
St. Regis Paper Co. bonds 50,000 00 51,000 00
Gal., Harrisburg & San Antonio R'y bonds, . 20,000 00 22,000 00
N. Y. Cent. & Hudson River R.R. bonds, . 10,000 00 9,762 50
Connecticut R> & Lighting Co. bonds, . . 20,000 00 20,050 00
Watertown National Bank stock, . . . 10,500 00 21,525 00
Nat'l Union Bank, Watertown, N. Y., stock, . 24,360 00 42,630 00
Jefferson Co. Nat'l B'k, Watert'n, N. Y., st'k, . 1,760 00 4,400 00
N'l B'k & Loan Co., Watertown, N. Y., stock, . 10,000 00 15,000 00
Carthage N'l B'k, Carthage, N. Y., stock, . 2,000 00 4,000 00
First N'l B'k of the T. I., Alex B., N. Y., st'k, . 1,000 00 1,000 00
Union Build. & Loan Co., Cleveland, O., stock, 10,000 00 10,000 00
Cleveland Savings & Loan Co., Cleve., O., st'k, 5,000 00 5,000 00
N. Y. Cent. & Hudson River R.R. stock, . . 23,000 00 38,410 00
Chicago, Mil. & St. Paul R'y stock, . . . 33,000 00 54,450 00
Union Pacific R.R. stock, 1,000 00 900 00
Western Union Telegraph stock, . . . 108,500 00 100,498 12
International Paper Co. stock, .... 50,000 00 38,000 00
Hungerford-Holbrook Co. stock, . . . 25,200 00 25,200 00
Excelsior Carriage Co. stock, .... 2,500 00 2,500 00
Watertown Carriage Co. stock, . . . 7,000 00 3,500 00
Morris & Essex R.R. stock, .... 10,000 00 19,700 00
Illinois Central R.R. stock, .... 12,000 00 16,680 00
$631,320 00 $724,665 62
* Organized as mutual, 1853; incorporated as stock, 1863.
120
AGRICULTURAL INSURANCE CO.
Securities held as collateral for cash loans : —
Real estate mortgages,
Western Union Telegraph stock,
N. Y. Cent. & Hudson River R.R. stock,
International Paper Co. bonds,
International Paper Co. stock, .
Real estate mortgages,
Titus Sheard Co. stock,
N'l Herkimer Co. B% Little Falls, N. Y., st'k
Little Falls & Dolgeville R.R. bonds,
Union Carriage & Gear Co. stock,
Brownville Paper Co. stock,
Brock way Co. stock, .
Deeds of real estate, White Plains, X. Y.
Paid-up life insurance policy, .
Deeds of real estate, .
Union N'l B'k, Schenectady, X. Y., stock
Bagley & Sewell Co. stock,
Harmon Machine Co. stock,
Watertown Xational Bank stock,
International Paper Co. stock, .
Outterson Paper Co. stock,
E. W. Bliss Co stock,
Rome, Watertown & Ogdens. R.R. stock,
Carthage Sulphite Pulp Co. stock,
Carthage Tissue Paper Mills stock,
Carthage Machine Co. stock, .
Malone Paper Co. stock, .
Deed of real estate, Clifton Park, X. Y.,
J. H. Murphy Mfg. Co. stock, .
Life ins. policy, X. Y. Life Ins. Co.,
Brownville Paper Co. stock,
Knowlton Bros, stock,
Adams & Duford Co. stock,
Market Value.
$36,818 00
13,019 12\
5,511 00 S
11,200 00 )
4,354 00
22,978 00 ^
32,000 00 I
8,800 00 i
5,000 00 J
250 00
7,500 00
10,000 00
1,500 00
2,000 00
6,000 00
7,500 00
23,700 00
6,750 00
2,050 00
1,520 00
30,000 00
37,830 00
4,140 00
24,500 00 >|
9,500 00 '
2 500 00 f
12,0C0 00 J
6,CO0 00
6,000 00
2,000 00
12,000 00
30,000 00
3,000 00
Loaned Thereon.
-,157 58
21,310 60
3,650 00
40,500 00
210 00
1,550 00
8,000 00
1,000 00
496 00
3,000 00
5,000 00
10,000 00
6,750 00
1,000 00
20,000 00
12,000 00
3,000 00
35,000 00
6,000 00
120 00
10,000 00
20,000 00
2,500 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
$387,920 12 £239,214 18
31, 1901.
8337,400 00
748,781 61
27,975 86
724,665 62
239,244 18
4,185 11
133,230 69
11,854 65
Value of lands mortgaged, $964,7S1 00
Value of buildings thereon r>!^,709 00
Amount of insurance held as collateral, .... 544,050 00
AGRICULTURAL INSURANCE CO.
121
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
1209,810 36
2,930 66
$2,440,078 74
102,920 00
Balance, $2,337,158 74
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
$29,101 96
69,001 00
11,970 00
$110,072 96
23,880 18
$86,192 78
1,025,946 14
50,762 28
12,637 11
7,586 29
$1,183,124 60
49,208 00
1,133,916 60
$1,203,242 14
500,000 00
$703,242 14
Gross cash income, ....
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
$200,129 44
1,744 62
$198,384 82
1,653,971 61
51,852,356 43
209,810 36
11,642,546 07
569,080 86
sources, .
$1,073,465 21
44,424 89
33,324 35
3,093 44
$1,154,307 89
$743,435 93
221,754 36
$521,681 57
50,000 00
122
ALBANY INSURANCE CO.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
§245,189,300
. 164,453,500
£222,488 67
92,197 44
38,100 16
84,825 92
11,009,293 76
Premiums.
00 $2,268,563 00
00 1,653,972 00
$409,642,800
. 159,014,600
00 $3,922,535 00
00 1,541,792 00
$250,628,200
. 35,926,500
00 $2,380,743 00
00 394,188 00
$214,701,700 00 $1,986,555 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
$25,732,453 00
12,731,851 00
542,313 00
1,380,000 00
50,000 00
90,500 00
"ALBANY INSURANCE COMPANY,' 1 ALBANY, N. Y.
[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1, 1881.]
Paid-up Capital, $250,(KK).
THEODORE TOWNSEND, President. CHARLES H. HAHN, Secretary.
Detailed Statement of
Watervliet Turnpike R R. bonds,
Wabash R.R. bonds,
Municipal Gas Light Co., Albany, N. Y., bonds
Union R.R., N. Y., bonds,
St. Louis & San Francisco R.R. bonds, .
Ann Harbor R.R. bonds, ....
People's Gas Light Co., Chicago, bonds, .
Western N. Y. & Pennsylvania R.R. bonds,
Atlanta, Knoxville & Northern R.R. bonds,
Texas Central R.R. Co. bonds,
United Traction Co., Albany, N. Y., bonds,
Detroit & Mackinac R.R. bonds,
Colorado Fuel & Iron Co. bonds,
Bonds.
Par Value.
$7,000 00
35,000 00
7,000 00
10,000 00
24,000 00
10,000 00
10,000 00
25,000 00
15,000 00
20,000 00
10,000 00
5,000 00
5,000 00
Market Value.
$8,750 00
40,725 00
7,490 00
11,600 00
23,640 00
9,700 00
12,000 00
30,250 00
16,350 00
21,600 00
10,200 00
4,500 00
5,275 00
$183,000 00 $202,080 00
ALBANY INSURANCE CO.
123
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
31, 1901.
#76,890 00
212,950 00
946 08
202,080 00
3,198 57
6,258 81
15,421 25
541 28
$518,285 99
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$5,636 69
15,700 88
1,505 00
$22,842 57
8,786 01
$14,056 56
87,708 65
4,141 46
105,906 67
$412,379 32
250,000 00
$162,379 32
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from agency, ....
Gross cash income,
$6,908 57
147,570 41
$154,478 98
15,421 25
$139,057 73
28,520 24
sources, .
$110,537 49
11,345 32
8,088 33
5,537 26
4,785 03
$140,293 43
* Value of lands mortgaged, ' . $150,050 00
Value of buildings thereon, 320,500 00
Amount of insurance held as collateral, .... 260,70000
124
AMERICAN INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals, ....
$58,636 91
3,361 28
Gross cash expenditures, $122,989 82
$55,275 63
20,000 00
23,582 94
8,953 00
7,203 51
2,857 04
5,117 70
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$17,282,418 00
15,881,380 00
$33,163,798 00
12,608,848 00
820,554,950 00
1,812,574 00
Premiums.
8149,284 90
147,570 41
$296,855 31
110,933 47
$185,921 84
16,574 66
.$18,742,376 00 $169,347 18
Miscellaneous.
Premiums received from re-organization of company, . . $1,941,643 00
Losses paid from re-organization of company, . . . 1,068,227 00
Fire losses incurred during the year, 57,569 00
Cash dividends declared from re-organization of company, . 425,000 00
Dividends declared during the year (8 per cent.), . . . 20,000 00
Company's stock owned by directors, 39,500 00
"AMERICAN INSURANCE COMPANY, 11 NEWARK, N. J.
[Incorporated Feb. 20, 1846. Commenced business April 1, 1S46.]
Paid-up Capital, $600,000.
E. O. DOREMUS, President. J. H. WORDEN, Secretary.
Detailed Statement of Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $100,000 00
Consolidated Traction Co. (N. J.) bonds, . 122,000 00 130,540 00
Easton & Amboy R.R. (N. J.) bonds, . . 64,000 00 72,320 00
Lehigh Valley R.R. bonds, .... 150,000 00 163,500 00
Long Dock (Jersey City) bonds, . . . 125,000 00 162,500 00
Morris & Essex R.R. bonds 100,000 00 128,000 00
Newark (N. J.) R'y bonds, .... 125,000 00 145,000 00
N. Y. & Greenwood Lake (N. J.) bonds, . 100,000 00 104,000 00
N. Y., L. Erie & West. Dock and Imp. bonds, . 68,000 00 79,560 00
AMERICAN INSURANCE CO.
125
N. Y., Susq. & Western R.R. bonds,
North Hudson Co. (N. J.) bonds, .
United N. J. R.R. & Canal Co. bonds,
Madison, N. J., bonds,
Newark Gas Co. bonds, .
Par Value.
$32,000 00
125,000 00
100,000 00
27,000 00
110,000 00
Market Value.
$35,200 00
133,750 00
107,000 00
27,000 00
138,600 00
$1,348,000 00 $1,526,970 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Bonds, as per schedule, .
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Notes taken for fire and tornado risks, .
Rents due and accrued, ....
American Insurance Co. stock, $70,000 00
Prem's more than three mos. due, 9,407 19
Gross assets,
Deduct special deposits in other States, .
$246,000 00
1,760,728 91
26,969 13
1,526,970 00
3,849 36
79,521 15
18,879 56
168,333 49
109,183 18
702 80
$3,941,137 58
50,000 00
Balance, $3,891,137 58
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Dividends to policy holders unpaid,
Commissions and brokerage, .
Due for agents' fees, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$1,012 33
113,768 42
6,805 27
$121,586 02
14,966 75
$106,619 27
1,515,999 50
2,068 10
697 00
12,543 07
2,912 96
$1,640,839 90
1,674 92
1,639,164 98
. $2,251,972 60
600,000 00
. $1,651,972 60
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$1,950,535 00
2,378,615 00
2,015,515 00
126
AMERICAN INSURANCE CO.
Income.
Fireandtornadoprem'soutstand'gDec.Sl^OO, $260,206 00
Same not collected, 257 54
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire and tornado premiums received
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
Expenditures.
Cash paid for fire and tornado losses,
Deduct salvage and reinsurance,
Net cash paid for fire and tornado losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employ
for State and local taxes,
for incidentals,
Gross cash expenditures, f 1,196,199 69
$259,948 46
1,761,638 77
$2,021,587 23
286,923 86
$1,734,663 37
462,908 48
sources,
$1,271,754 89
85,881 34
64,587 27
13,896 33
$1,436,119 83
$718,237 31
115,582 55
rees,
$602,654 76
61,872 25
293,677 34
84,168 58
42,624 74
111,202 02
Risks and Premiums.
Premiums.
Fire and tornado risks outstand'g Dec. 31, 1900, $283,406,725 00 $2,917,007 31
Fire and tornado risks written during 1901, . 173,488,425 00 1,761,638 77
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
. $456,895,150 00 $4,678,646 08
. 150,463,174 00 1,494,805 54
.$306,431,976 00 $3,183,840 54
. 25,138,816 00 297,662 32
$281,293,160 00 $2,886,178 22
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire and tornado losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent ),
Company's stock owned by directors, ....
$14,214,627 00
6,118,332 00
637,063 00
2,408,715 00
60,000 00
60,490 00
AMERICAN CENTRAL INSURANCE CO.
127
" AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO.
[Incorporated February, 1853. Commenced business February, 1853.]
Paid-up Capital, $1,000,000.
GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary.
Detailed Statement of Stocks, Bonds, etc
Par Value.
United States bonds, ...... $500,000 00
St. Louis Transit Co. bonds 200,000 00
St. Louis Merchants' Bridge Co. bonds, . . 85,000 00
Union Depot R.R. Co. bonds, .... 75,000 00
K. C, Ft. Scott & Memphis R.R. Co. bonds, . 100,000 00
United States consols, . . . . . 50,000 00
Southern R.R. Co. bonds, 50,000 00
St. Louis & San Francisco R.R. Co. bonds, . 30,000 00
St. Clair, Madison & St. L. B. R.R. Co. bonds, 37,500 00
St. Louis, I. M. & Southern R.R. Co. bonds, . 25,000 00
United Railways Co., St. Louis, bonds, . . 30,000 00
Laclede Gas Light Co. bonds, . . . . 23,000 00
Mo. Electric Light & Power Co. bonds, . . 20,000 00
St. Louis, C. B. & O. R.R. Co. bonds, . . 18,000 00
St. Louis County Park bonds, .... 15,000 00
Peirce City, Mo., funding bonds, . . . 15,000 00
Norborne, Mo., school bonds, .... 4,500 00
National Bank of Commerce, St. Louis, stock, 300,000 00
United Railways Co. stock, .... 30,000 00
Boatmen's Bank, St. Louis, stock, . . . 10,000 00
Mechanics' National Bank, St. Louis, stock, . 16,600 00
Laclede Gas Light Co., St. Louis, stock, . . 5,700 00
Market Value.
$545,000 .00
195,000 00
95,200 00
90,000 00
86,625 00
56,500 00
48,000 00
32,400 00
30,000 00
27,000 00
27,000 00
24,800 00
23,600 00
19,250 00
16,950 00
15,000 00
4,500 00
945,000 00
26,550 00
22,200 00
45,300 00
5,700 00
$1,640,300 00 $2,381,575 00
Securities held as collateral for cash loans
200 shares Third National Bank, St. Louis,
200 '
700 '
6
115
20
25
15
15
7
25
10
13
Missouri Trust Co., St. Louis,
Broadway R. E. Co., St. Louis,
Third National Bank, St. Louis,
Mercantile Trust Co., St. Louis,
St. Louis & Suburban R'y Co.,
Nat'l Bank of Com. in St. Louis,
Fourth Nat'l Bank, St. Louis, .
Lincoln Trust Co., St. Louis, .
State National Bank, St. Louis,
Com'nw'th Trust Co., St. Louis,
Boatmen's Bank, St. Louis,
United R'ys Co. of St. Louis, .
1 share Mo. Edison Elec. Co., St. Lo., bond,
Market Value.
$48,000 00
34,000 00
70,000 00
1,440 00
47,955 00 ^
1,800 00
8,250 00
4,500 00
4,350 00
1,470 00
8,500 00
2,250 00
1,157 00
950 00 J
Loaned Thereon.
$55,000 00
60,000 00
1,000 00
} 70,000 00
128
AMERICAN CENTRAL INSURANCE CO.
55 shares Third National Bank, St. Louis,
100 " State National Bank, St. Louis,
25 " Nat'l Bank of Com. in St. Louis,
10 " Continental Nat'l Bank, St. Louis,
103 " United R'ys Co., St. Louis,
3 " Mechanics 1 Natl Bank, St. Louis,
1 share Lincoln Trust Co., St. Louis,
25 shares St. Louis Transit Co., .
3
125
60
20
50
50
180
6,429
100
Colonial Trust Co., St. Louis,
Natl Bank of Com. in St. Louis,
State National Bank, St. Louis,
Third National Bank, St. Louis,
Lincoln Trust Co , St. Louis,
St. Louis & Suburban R'y Co.,
St. Louis Transit Co., .
United R'ys Co., St. Louis, .
Title Guar. Trust Co., St. Louis,
Commonwealth Realty Co., St. Louis,
Excess of loan, .
Market Value. Loaned Thereon.
§3,200 00 ^
21,000 00
8,250 00
2,620 00
9,164 00 y
810 00
295 00
850 00
705 00
41,750 00^
12,900 00
4,800 00
14,500 00
4,750 00 |
3,900 00 J
205,728 00 \ •
15,000 00 S 165,000 00
75,000 00 )
} 75,000 00
$659,844 00
-478,000 00
5,106 00
§472,894 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *),
Stocks, bonds, etc , as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$58,666 66
2,381,575 00
472,894 00
15,370 78
123,124 54
156,952 17
$3,208,583 15
66,500 00
Balance, $3,142,083 15
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$37,838 32
79,536 50
12,134 49
§129,509 31
12,107 08
§117,402 23
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$S3,000 00
17,000 00
13,100 00
AMERICAN CENTRAL INSURANCE CO.
129
Unearned premiums on outstanding risks,
Commissions, ......
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total, . . . . . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents,
Received for increased capital,
Gross cash income, ....
. $821,143 23
23,542 82
7 27
f950,42i
. $962,095 55
11,673 79
76
• • ■ >
$2,191,661
1,000,000
39
00
. $135,137 84
. 1,478,628 50
$1,191,661
$1,176,528
65,674
16,573
39
. $1,613,766 34
156,952 17
. $1,456,814 17
280,286 14
03
ces, .
. $400,000 00
90
8a
. $1,258,776 73
Expenditures.
Cash paid for lire losses, $698,928 59
Deduct salvage and reinsurance, . . . 85,629 65
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$613,298 94
75.000 00
227,020 42
76,492 59
28.001 13
121,567 58
$1,141,380 66
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$138,395,996 00 $1,515,873 03
. 133,569,983 00 1,478,628 50
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$271,965,979 00 $2,994,501 53
122,414,424 00 1,326,491 16
$149,551,555 CO $1,668,010 37
8,078,580 00 97,221 99
$141,472,975 00 $1,570,788 38
130
AMERICAN FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (7.5 per cent.),
Company's stock owned by directors,
$23,284,946 00
. 11,546,147 00
665,527 00
. 1,541,412 00
75,000 00
171,600 00
"AMERICAN FIRE INSURANCE COMPANY,' 1 PHILADELPHIA, PA.
[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.]
Paid-up Capital, $500,000.
THOMAS H. MONTGOMERY, President. RICHARD MARIS, Secretary.
Detailed Statement of Stocks, Bonds, etc
Par Value. Market Value.
Ashtabula & Pittsburgh R.R. bonds, . . $15,000 00 § 16,837 50
Seaboard & Roanoke R.R. bonds, . . . 20,000 00 22,500 00
Belt Road & Stock Yards bonds, . . . 20,000 00 23,000 00
Chicago & Western Indiana R.R. bonds, . . 2,000 00 2,140 00
State of Georgia bonds, 25,000 00 28,750 1
Electric & People's Traction bonds, . . 35,000 00 34,650 00
Berwyn water bonds 10,000 00 11,000 00
Camden & Atlantic R R. bonds, . . . 15,000 00 16,500 00
Pittsburg, Chartiers & Yough. R.R. bonds, . 24,000 00 24,550 00
Huntingdon & Broad Top Mount. R.R. bonds, . 20,000 00 21,350 00
Lehigh Valley R.R. bonds, .... 76,000 00 91,270 00
Mortgage Trust Co. of Penn. bonds, . . 25,000 00 21,250 00
Middlesex Banking Co. debentures, . . 25,000 00 25,000 00
Northern Central R.R. bonds 10,000 00 10,775 00
Northern Pacific R.R. bonds, .... 15,000 00 10,950 00
Omaha Loan & Trust Co. debentures, . . 10,000 00 9,000 00
Norfolk & Western Car Trust bonds, . . 12,000 00 12,000 CO
Pen n. & New York Canal & R'y Co. bonds, . 50,000 00 54,750 00
City of Portland water bonds, .... 50,000 00 57,500 00
Wheeling & Lake Erie R.R. bonds, . . . 15,000 00 13,725 00
Ilughesville water bonds, .... 20,000 00 20,000 00
Philadelphia & Reading R.R. bonds, . . 87,000 00 89,667 50
Steubenville & Indiana R.R. bonds, . . 21,000 00 24,150 00
Pitts , Cin., Chic. & St. Louis R.R bonds, . 30,000 00 34,500 00
Springfield water bonds, 10,000 00 11,500 00
Second Avenue Traction Co., Pitts., bonds, . 11,000 00 12,870 00
United Traction Co., Pittsburgh, bonds, . . 25,000 00 29,000 00
Glen wood Highway Bridge Co. bonds, . . 10,000 00 11,200 00
Northwestern Guaranty debentures, . . 24,500 00 9,800 00
Louisville & Nashville R.R. bonds, 1 . . . 20,000 00 20,100 00
AMERICAN FIRE INSURANCE CO.
131
35 shares Philadelphia Bourse,
500 " Cambria Iron Co., .
45 " Wheeling & Lake Erie R.R., .
Par Value.
$1,375 00
25,000 00
4,500 00
Market Value.
$ 155 00
24,125 00
1,987 50
§763,375 00 $796,552 50
Securities held as collateral for cash loans : —
Lehigh Coal & Navigation Co. bonds,
5 shares Fourth St. National Bank, .
Market Value. Loaned Thereon.
$3,900 00
1,050 00
$2,700 00
$4,950 00 $2,700 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Deduct special deposits in other States, .
Balance,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$397,178 54
882,402 55
19,861 33
796,552 50
2,700 00
8,867 74
63,138 30
53 00
169,531 00
20,601 87
$2,360,886 83
57,500 00
$2,303,386 83
$61,693 35
93,903 73
23,966 68
938,948 36
575,309 64
30,351 50
7.734 99
l,731,908 25
9.735 59
1,722,172 6Q
$581,214 17
500,000 00
$81,214 17
* Value of lands mortgaged, .
Value of buildings tbereon,
Amount of insurance held as collateral,
$956,002 00
953,000 00
751,380 00
132
AMERICAN FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Deposits received for perpetual fire risks,
$156,635 14
1,836,910 19
$1,993,575 33
169,531 00
§1,824,044 33
561,015 05
sources, .
f 1,263,029 28
48,108 54
36,664 37
9,201 04
2,161 43
§26,176 05
Gross cash income, ,
. $1,359,164 66
Expenditures.
Cash paid for fire losses, ..... 81,131,31464
Deduct salvage, 113,13146
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
Loss on sale of real estate, ....
Cash paid for incidentals, ....
Deposits returned on perpetual fire risks, . $28,078 21
$1,018,183 18
15,000 00
264,207 60
108,743 71
44,561 53
6,763 59
4,417 68
59,403 88
Gross cash expenditures, .
. $1,521,281 17
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$198,369,667 00 $2,174,967 60
. 156,775,529 00 1,836,940 19
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force not (incPd above),
$355,145,196 00 14,011,907 79
. 153,180,261 00 1,701,209 71
$201,964,935 00 $2,310,698 08
. 36,821,015 00 396,032 44
$165,143,920 00 $1,914,665 64
$22,919,773 00 $630,062 65
UNDERWRITERS AT AMERICAN LLOYDS.
133
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors, .
$33,892,501 00
23,016,621 00
1,071,644 00
2,898,936 00
15,000 00
17,800 00
UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK.
[Commenced business April, 1890.]
GEORGE A. STANTON, Attorney and Manager.
Detailed Statement
New York city bonds, ....
Brooklyn city (East River Bridge) bonds,
West Shore R R. bonds, ....
Pitts., Cin., Chic. & St. Louis R.R. bonds,
Indiana State bonds,
Massachusetts State bonds,
Essex Co. Park (N. J.) bonds, .
Metropolitan Street R'y bonds,
of Bonds.
Par Value.
$175,000 00
50,000 00
40,000 00
25,000 00
30,000 00
30,000 00
50,000 00
50,000 00
Market Value.
$180,000 00
55,500 00
46,000 00
26,625 00
30,000 00
33,975 00
59,000 00
61,125 00
§450,000 00 $ 192,225 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, . . .
Premiums in course of collection (gross),
Gross assets,
$492,225 00
9,262 45
32,477 54
4,353 34
44,219 05
$582,537 38
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except subsc'bers 1 dep'ts,
Surplus as regards policy holders, .
Subscribers' deposits paid up, .
Surplus over subscribers 1 deposits,
$43,764 47
106,855 75
11,054 76
3,342 76
4,002 42
169,020 16
. $413,517 22
104,000 00
. $309,517 22
134
UNDERWRITERS AT AMERICAN LLOYDS.
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Received for subscribers 1 deposits, .
143,097 36
256,472 19
#299,569 55
44,219 05
$255,350 50
42,979 16
1212,871 34
17,420 54
. 84,000 00
Gross cash income, . . . • 8229,791
Expenditures.
Cash paid for losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for incidentals, ....
Paid retiring subscribers,
Gross cash expenditures, .
$185,275 67
19,084 13
$173 88
$166,191 54
39,656 20
60,294 10
5,170 00
3,565 90
834 00
8273,711 74
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . .823,465,358 00 $201,823 45
Fire risks written during 1901, . . . 28,800,076 00 256,472 19
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$52,265,434 00 $458,295 64
27,853,946 00 235,341 99
.824,411,488 00 8222,953 65
. 1,126,594 00 9,242 14
.$23,284,894 00 8213,711 51
Miscellaneous.
Premiums received from organization of company, . . $2,263,082 00
Losses paid from organization of company, .... 934,030 00
Fire losses incurred during the year, 209,119 00
Cus'i dividends declared from organization of company, . 276,457 00
AMERICAN MUTUAL FIRE INSURANCE CO.
135
"AMERICAN MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated June 1, 1877. Commenced business June 1, 1877.]
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary.
Detailed Statement of Stocks
Rhode Island State bonds,
Providence city bonds, ....
Boston city bonds,
Denver City Tramway Co. bonds, .
117 shares Providence & Worcester R.R.,
150 '
62 '
130 '
100 '
40 '
100 '
Old Colony R.R., .
N. Y., N H. & Hartford R.R ,
Morris & Essex R.R.,
Cleveland & Pittsburg R R., .
Illinois Central R.R.,
Chicago Great Western R.R., .
and Bonds.
Par Value.
$48,000 00
20,000 00
20,000 00
8,000 00
11,700 00
15,000 00
6,200 00
6,500 00
5,000 00
4,000 00
10,000 00
Market Value.
$49,230 00
22,900 00
21,200 00
8,200 00
35,100 00
31,350 00
13,082 00
12,675 00
9,700 00
4,220 00
9,100 00
$ 154,400 00 $216,757 00
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State taxes,
Gross liabilities,
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1900, . . §1,783 37
Premiums on risks written or renewed, . . 174,112 65
Total $175,896 02
Premiums now in course of collection, . . 4,144 55
Entire premiums collected, . . . . $171,751 47
Less return premiums, 8,329 85
Net cash premiums received, ....
Interest and dividends received from all sources, .
Gross cash income,
$216,757 00
16,931 75
2,242 33
4,144 55
$109 00
82,932 25
2,563 73
$240,075 63
85,604 98
$154,470 65
$163,421 62
8,520 20
$171,941 82
136
ASSURANCE COMPANY OF AMERICA.
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount. Cash Prera's.
Risks outstanding Dec. 31, 1900, §19,870,397 00 § 161,668 34
Risks written during 1901,
21,681,259 00 174,831 52
Total $41,551,656 00
Risks terminated during 1901, . 21,330,695 00
£336,499 86
170,635 36
$21,356 10
142,412 07
4,386 96
3,712 28
3,956 20
§175,823 61
Contlng't Prem's.
§808,341 70
874,157 60
§1,682,499 30
853,176 80
In force at end of year,
§20,220,961 00 §165,864 50 §829,322 50
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 88 per cent,
§21,465 00
"ASSURANCE COMPANY OF AMERICA," NEW YORK, X. Y.
[Incorporated Feb. 25, 1S97. Commenced business April 1, 1897.]
Paid-up Capital, $200,000.
ROBERT C. RATHBONE, President. R. BLEECKER RATHBOXE, Secretary.
United States bonds,
New York city bonds,
Detailed Statement of Bonds.
Par Value. Market Value.
$200,000 00 §212,000 00
200,000 00 221,750 00
Summary of Assets Dec
Bonds, as per schedule, ....
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
§400,000 00 §433,750 00
31, 1901.
$433,750 00
64,682 17
1,166 67
88,745 28
§588,344 12
640,303 00
250 00
840,553 00
6,083 00
$34,470 00
ASSURANCE COMPANY OF AMERICA.
137
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$217,354 55
17,561 70
30,206 29
440 92
8300,033 46
$288,310 66
200,000 00
$88,310 66
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total, . . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all
Income from all other sources,
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Cash dividends paid, ....
•Cash paid for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$53,256 00
617,527 22
$670,783 22
88,745 28
$582,037 94
179,061 37
;es, .
$402,976 57
11,798 65
9 71
.
$414,784 93
. $273,762 26
54,854 89
$218,907 37
24,000 CO
121,392 61
3,635 00
9,607 42
3,707 31
$27 60
27 60
$381,249 71
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$32,806,466 00 $352,343 41
53,761,834 00 617,527 22
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$86,568,300 00 $969,870 63
40,317,021 00 455,093 58
$46,251,279 00 $514,777 05
9,372,440 00 91,745 19
$36,878,839 00 $423,031 86
138
ATLANTIC MUTUAL INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
£1,358,812 00
764,086 00
234,586 00
102,000 00
24,000 00
78,600
"ATLANTIC MUTUAL INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated April 11, 1842. Commenced business July 1, 1842.]
A. A. RAVEN, President. JOSEPH H. CHAPMAN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.*
American Exchange Bank stock, . . . $90,000 00 $90,000 00
Bank of America stock, 50,000 00 50,000 00
Bank of Commerce stock 64,100 00 64,100 00
Bank of New York stock 94,200 00 94. _
Leather Manufacturers 1 Bank stock, . . 25,600 00 25,600 00
Merchants' Bank stock 70,150 00 70,100 00
Mechanics' Bank stock, 47,675 00 47,675 00
Manhattan Company stock, .... 18,000 00 18,<»0 00
Market & Fulton Bank stock, .... 30.0C0 00 30,000 00
Phenix Bank stock, 82,140 00 82,140 00
New York State stock, 400,000 00 400,000 00
Atlantic Trust Co stock, 161,000 00 161,000 00
Consolidated Gas Co. stock, .... 62,500 00 62,500 00
New York City stock 729,600 00 752,660 00
Atlantic Safe Deposit Co. stock, . . . 15,000 00 15,000 00
Pennsylvania R.R. Co stock, .... 220,000 00 264,000 00
N. Y., Lackawanna & Western R R. stock, . 50,000 00 61,687 00
Morris & Essex R.R. Co. stock, . . . 20,000 00 34,475 00
Delaware, Lackawanna & Western R.R. stock, 100,000 00 159,212 00
Chicago & Northwestern R'y Co. stock, . . 100,000 00 160,000 00
United States Mortgage & Trust Co. stock, . 10,000 00 26,420 00
N. Y. Central & Hudson River R.R. stock, . 509,000 00 417,380 00
N. Y. Central & Hudson River R.R. bonds, . 234,000 00 222,825 00
New York, Chicago & St. Louis R.R. bonds, . 200,000 00 150,000 00
West Shore R.R. bonds, 200,000 00 150,000 00
Brooklyn & Montauk R.R. bonds, . . . 75,000 00 60,000 00
Brooklyn city park bonds, .... 122,000 00 109,800 00
Jersey city water bonds, 100,000 00 100,000 00
* Estimated for the purpose of permanent investment.
ATLANTIC MUTUAL INSURANCE CO.
139
District of Columbia bonds,
United States bonds, .
Par Value. Market Value.
fl,025,000 00 $1,025,000 00
500,000 00 500,000 00
$5,404,965 00 $5,403,824 00
Securities held as collateral for cash loans : —
Southern R'y Co. stock, .
Great Northern R'y stock,
Union Pacific R.R. stock, .
General Electric Co. stock,
Atchison, Topeka & Santa Fe R.R. Co. bonds
Manhattan R'y stock,
Metropolitan Street R'y stock, .
Consolidated Gas stock, .
Minn & St. Louis R.R. Co. stock,
Atch., Topeka & Santa Fe R.R. Co. stock,
Southern R'y Co. stock, .
U. S. Steel Co. stock,
Southern Pacific bonds, .
Atch., Topeka & Santa Fe R.R. Co. stock,
U. S Steel stock,
Union Pacific bonds, .
Market Value.
$26,040 00
184,000 00 >|
53,400 00 '
167,400 00
93,000 00 )
13,600 00
16,400 00
1,728 00
21,200 00.
29,100 00 |
27,900 00 }
47,000 00
4,650 00 J
38,000 00 -\
18,800 00 i
5,300 00 )
Loaned Thereon.
$13,496 00
}> 400,000 00
}
25,000 00
100,000 00
50,000 00
$747,518 00 $588,496 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,*
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule, .
Cash depos. in bank, and with foreign bankers,
Notes taken for marine and inland risks,
Prem's more than three mos. due, $82,547 76
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Return premiums, ....
Miscellaneous,
Gross liabilities, except scrip, .
Surplus as regards policy holders,
Scrip outstanding, not ordered to be redeemed,
Surplus over scrip,
$2,639,000 00
5,403,824 00
588,496 00
1,181,644 01
1,159,385 19
.$10,972,349 20
$95,941 41
1,332,519 59
14,100 00
791,851 53
204,796 48
43,936 97
108,955 65
20,410 33
- 2,612,511 96
. $8,359,837 24
. 6,584,560 00
. $1,775,277 24
* Estimated for the purpose of permanent investment.
140
ATLANTIC MUTUAL INSURANCE CO.
Income.
Marine premiums outstanding Dec. 31, 1900, . $1,254,859 71
Same not collected, 6,681 08
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all
Income from rents, ....
Gross cash income, .
. $1,248,178 63
. 3,604,917 63
. $4,853,096 26
. 1,241,932 95
. $3,611,163 31
164,740 51
sources,
$3,446,422 80
296,050 23
92,962 05
$3,835,435 08
Expenditures.
Cash paid for marine and inland losses, . . $1,857,044 29
Deduct salvage and reinsurance, . . . 197,649 63
Net cash paid for marine and inland losses, .
Cash paid for redemption of scrip, .
Interest paid scrip holders, ....
*Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
Gross cash expenditures, ....
$1,659,394 66
1,027,090 00
379,423 20
85,583 39
353,102 81
58,318 40
. $3,562,912 46
Risks and Premiums.
Premiums.
Marine risks outstanding Dec. 31, 1900, . $154,700,065 00 $699,323 61
Marine risks written during 1901, . . .718,746,817 00 3,604,917 63
Total,
Deduct risks expired and terminated,
In force at end of year, .
8873,446,882 00 $4,304,241 24
.722,641,472 00 3,512,389 71
-5150,805,410 00 $791,851 53
Miscellaneous.
Marine and inland losses incurred during the year (estimated), 8703,771 00
BLACKSTONE MUTUAL FIRE INSURANCE CO.
141
"BLACKSTONE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated August, 1868. Commenced business August, 1868.]
WM. B. McBEE, President. JAMES H. SWEET, Assistant Secretary..
Detailed Statement of Stocks
Rhode Island State bonds,
United States bonds,
Chicago, Burl. & Quincy R.R. bonds,
United Traction & Electric Co. bonds,
Gt. Northern & Northern Pacific R.R. bonds,
264 shares Chic, Rock Island & Pacific R.R.,
300 '
200 '
200 '
300 '
150 '
50 '
110 '
75 '
60
100 '
400 '
200 '
200 '
62
50 '
50
Illinois Central R R.,
Chicago & Northwestern R.R.,
Rome, Watertown & Og. R.R.,
Pennsylvania R.R , .
Pitts., Ft. Wayne & Chic. R.R.,
Rensselaer & Saratoga R.R., .
Mahoning Coal Co.,
Hereford R.R.,
Albany & Susquehanna R.R., .
Morris & Essex R.R.,
National Bank of North America,
National Bank of Commerce,
Lime Rock National Bank,
Fourth National Bank, .
Old National Bank, .
Manufacturers 1 Trust Co.,
and Bonds.
Par Value.
$100,000 00
16,000 00
5,000 00
25,000 00
56,000 00
26,400 00
30,000 00
20,000 00
20,000 00
15,000 00
15,000 00
5,000 00
5,500 00
7,500 00
6,000 00
5,000 00
20,000 00
10,000 00
4,000 00
6,200 00
5,000 00
5,000 00
Market Value.
§110,000 00
22,240 00
5,200 00
28,500 00
54,880 00
40,392 00
41,700 00
41,200 00
27,800 00
22,500 00
28,800 00
10,550 00
6,655 00
7,500 00
14,580 00
9,650 00
18,400 00
10,200 00
1,000 00
7,130 00
4,600 00
8,650 00
$407,600 00 $522,127 00
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Gross assets, ....
31, 1901.
$522,127 00
52,216 79
7,213 00
6,774 38
$588,331 17
Liabilities.
Losses claimed and reported, .... $2,225 84
Unearned premiums on outstanding risks, . 199,667 32
State and local taxes, 5,628 35
Gross liabilities,
207,521 51
Net cash assets,
$380,809 66
142 BRITISH AMERICAN INSURANCE CO. OF NEW YORK.
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources,
|4,265 15
414,730 04
§418,995 19
6,774 38
$412,220 81
13,489 88
£398,730 93
19,173 79
Gross cash income, $417,904 72
Expenditures.
Cash paid for losses, ....
as profits on terminated policies,
for inspections,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, .
Gross cash expenditures, .
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $45,675,549 00
Risks written during 1901, . 52,949,607 00
Total, 898,625,156 00
Risks terminated during 1901, . 47,997,348 00
Cash Prem"s.
6357,979 28
414,730 04
8772,709 32
373,374 69
$13,262 03
324,459 91
5,937 72
9,171 03
8,787 25
1,908 58
4,733 52
f 368,260 04
Conting't Prems.
? 1,789,896 40
2,073,60
$3,863,546 60
1,866,873 4q
In force at end of year,
.$50,627,808 00 $399,334 63 81,996,673 15
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 90.16 per cent.
$15,488 00
"BRITISH AMERICAN INSURANCE COMPANY OF NEW YORK/
NEW YORK, N. Y.
[Incorporated February, 1S9S. Commenced business February, 1S98.]
Paid-up Capital, $200,000.
E. J. KNOWLES, President. JOSEPH M. BIGGERT, Secretory.
Detailed Statement of Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $108,500 00
Central Pacific R.R. bonds, .... 10,000 00 10,325 00
BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 143
St. Louis & So. Western R'y Co. bonds, .
Northern Pacific-Gt. Northern bonds,
N. Y. Gas & Elec. Light, Heat & Pow. Co. bonds,
New York City bonds,
Par Value.
$20,000 00
20,000 00
10,000 00
100,000 00
Market Value.
$19,300 00
19,800 00
9,700 00
106,500 00
$260,000 00 |274,125 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
$274,125 00
18,255 09
1,950 00
47,857 63
190 39
$342,378 11
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$2,972 06
13,162 76
500 00
$16,634 82
991 92
$15,642 90
89,222 43
13,654 63
51 85
118,571 81
. $223,806 30
200,000 00
$23,806 30
Income.
Fire premiums outstanding Dec. 31, 1900, . $12,957 69
Premiums on risks written or renewed, . . 252,036 88
Total, $264,994 57
Premiums now in course of collection, . . 47,857 63
Entire premiums collected, .... $217,136 94
Less reinsurance and return premiums, . . 70,544 91
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
$146,592 03
7,881 64
Gross cash income,
$154,473 67
144
BUFFALO COMMERCIAL INSURANCE CO.
Expenditures,
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for tire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premium?.
f 9 1,689 68
7,771 05
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
. $8,908,162 00
. 21,384,282 00
. |80,292,444 00
. 12,131,908 00
.$18,160,536 00
933,071 00
$83,918 63
36,900 49
4,608 86
1,295 51
8,844 62
* 135,574 11
Premium".
$78,839 34
252,036 88
$330,870
145,267 61
$185,608 61
15,563 40
.817,227,465 00 8170,045 21
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$566,442 00
391,615 00
90,616 00
179,000 00
"BUFFALO COMMERCIAL INSURANCE COMPANY,"
BUFFALO, N. Y.
[Incorporated April 15, 1896. Commenced business April 16, 1896.]
Paid-up Capital, 8200,000.
JOHN G. WICKSER, President. GEO. H. HOFHEINS, Secretary.
New York City bonds,
Buffalo, N. Y , city bonds,
Detailed Statement of Bonds.
Par Value. Market Value
. $100,000 00 8102,500 00
60,000 00 62,724 50
6160,000 00 8165,224 50
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), f 109,425 00
Interest due thereon,
1,237 50
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
8137,993 00
11 5,i =>75 00
100,900 00
BUFFALO COMMERCIAL INSURANCE CO.
145
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$165,224 50
772 26
57,564 26
379 17
24,281 60
$358,884 29
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$3,501 65
13,775 36
113,052 04
6,012 13
52 99
136,394 17
$222,490 12
200,000 00
$22,490 12
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
$19,781 80
43 50
$19,738 30
201,994 98
$221,733 28
24,281 60
$197,451 68
39,856 39
$157,595 29
6,552 11
6,338 16
Gross cash income, $170,485 56
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$104,751 35
2,307 87
$102,443 48
5,000 00
39,343 30
6,980 16
3,940 98
6,271 05
$163,978 97
146
BUFFALO GERMAN INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.818,390,834 00
. 18,083,252 00
. $36,474,086 00
. 15,739,872 00
.820,734,214 00
667,988 00
Premiums.
8190,073 08
201,994 98
$392,068 06
169,720 93
8222,347 13
5,672 07
.$20,066,226 00 8216,675 06
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (2.5 per cent.),
Company's stock owned by directors, ....
8661,953 00
380,431 00
110,857 00
11,000 00
5,000 00
48,500 00
"BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y.
[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.]
Paid-up Capital, $200,000.
OLIVER J. EGGERT, President. CHARLES A. GEORGER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
Buffalo city bonds, $720,253 29
State of New York bonds, .... 45,000 00
Buffalo Southwestern R.R. bonds, . . . 36,250 00
Tonawanda Gas Light Co. bonds, . . . 33,000 00
Third National Bank, Buffalo, stock, . . 45,000 00
Erie County, N. Y., bonds, .... 210,000 00
Market Value.
1720,253 29
45,000 00
36,250 00
33,000 00
45,000 00
210,000 00
fl.089,503 29 $1,089,503 29
Securities held as collateral for cash loans : —
Market Value.
Exchange Elev. Co., Buffalo, N. Y., stock, . f 1,000 00
International Brew. Co., Buffalo, N. Y., stock, 2,090 00
Magnus Beck Brew. Co., Buffalo, N. Y., stock, 495 00
Buffalo Southwestern R.R. Co bonds, . . 6,050 00
Buffalo General Electric Co. bonds, . . . 4,000 00
Fid., Trust & Guar. Co., Buffalo, N. Y., stock, . 11,250 00
German Bank, Buffalo, N. Y., stock, . . 12,000 00
Buffalo Co-op. Brew. Co., Buffalo, N. l r ., st'k, 1,350 00
Central Produc. Co , Pitts., Pa., stock, . . 1,250 00
Nat'l Beet Sugar Co., Sugar City, Col., stock, . 10,000 00
Nat'l Electrolytic Co., Niagara F., N. Y., st'k, 10,000 00
Loaned Thereon.
$700 00
2,000 00
8,000 00
6,500 00
1,000 00
180 00
10.000 00
BUFFALO GERMAN INSURANCE CO.
147
German Bank, Buffalo, N. Y., stock,
Niagara Falls & Sus. Bridge R'y Co. bonds,
Third National Bank, Buffalo, N. Y , stock,
Market Value. Loaned Thereon.
$8,000 00
4,120 00
1,000 00
^6,000 00
4,500 00
$72,605 00 $38,880 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *) ,
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,f
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$304,300 00
442,585 00
3,767 25
1,089,503 29
38,880 00
2,489 83
115,397 97
57,875 35
3,661 23
$1,970 83
19,460 50
6,135 80
373,468 88
11,575 07
21,504 25
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$51,894 22
536,503 16
$588,397 38
57,875 35
$530,522 03
122,424 50
sources,
!,058,459 92
- 434,115 33
. $1,624,344 59
200,000 00
. $1,424,344 59
$408,097 53
23,205 04
41,821 28
21,823 27
,947 12
* Value of lands mortgaged, $631,135 00
Value of buildings thereon 474,325 00
Amount of insurance held as collateral, .... 368,000 00
t Including $200,000 special reserve held under New York law.
148
CALEDONIAN-AMERICAN INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals,
Gross cash expenditures, .
$248,593 34
28,627 35
$219,965 99
60,000 00
104,897 29
27,717 67
7,771 16
14,882 00
32,412 95
$467,647 06
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$71,755,215 00
. 51,200,965 00
8122,956,180 00
. 45,091,379 00
.$77,864,801 00
. 4,504,522 00
Premiums
6688,411 13
536.503 16
1,224,914 29
465.504 72
$759,409 57
46,003 43
.$73,360,279 00 $713,406 14
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (30 per cent),
Company's stock owned by directors, ....
$10,392,127 00
5,017,578 00
219,097 00
1,205,925 00
60,000 00
51,400 00
" CALEDONIAN-AMERICAN INSURANCE COMPANY,"'
NEW YORK, N. Y.
[Incorporated Dec. 24, 1897. Commenced business March 24, 1898.]
Paid-up Capital, $200,000.
CHARLES H. POST, President. N. A. McNEIL, Vice-President and Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
New York City school bonds, .... $200,000 00 $200,000 00
Chicago & Northwestern Railway Co. stock, . 7,500 00 17,625 00
Steinway R.R. Co. of N. Y. bonds, . . . 5,000 00 5,850 00
Brooklyn, Queen's Co. & Sub. R.R. Co. bonds, 5,000 00 5,550 00
N. Y., Ontario & Western R'y Co. bonds, . 5,000 00 5,175 00
CALEDONIAN-AMERICAN INSURANCE CO.
149
Tenth & Twenty-third Street Ferry Co. bonds,
Morris & Essex Railway Co. stock, .
Cleveland & Pittsburgh R.R. Co. stock, .
Rome, Watertown & Ogdens. R.R. Co. stock, .
Par Value.
|5,000 00
10,000 00
10,000 00
10,000 00
Market Value.
$5,300 00
19,600 00
19,200 00
13,900 00
$257,500 00 $292,200 00
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid, . .
Prem's more than three mos. due, . $392 57
Gross assets,
31, 1901.
$292,200 00
7,059 18
1,985 41
8,898 88
4,699 71
$314,843 18
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
Income
Fire premiums outstanding Dec. 31, 1900.
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all
Profit on sale of securities,
Gross cash income, .
$11,688 95
6,521 76
1,250 00
$19,460 71
8,558 38
$10,902 33
13,132 77
2,215 82
6,516 06
$27,919 13
160,556 23
$188,475 36
9,291 45
$179,183 91
127,232 71
sources,
32,766 98
$282,076 20
200,000 00
$82,076 20
$51,951 20
11,390 62
5,900 53
$69,242 35
150
CAMDEN FIRE INSURANCE ASSOCIATION.
Expenditures.
Cash paid for fire losses $109,278 52
Deduct salvage and reinsurance, . . . 22,602 20
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and- terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$86,676 32
5,632 81
4,865 22
3,221 60
3,995 91
$104,391 86
Premiums.
$161,541 69
160,556 23
1322,097 92
143,850 14
$178,247 78
154,082 82
$2,158,451 00 $24,164 96
.$17,787,143 00
. 15,703,775 00
.$33,490,918 00
. 16,184,773 00
.$17,306,145 00
. 15,147,694 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$310,143 00
252,002 00
81,140 00
10,000 00
4,500 00
» CAMDEN FIRE INSURANCE ASSOCIATION^," CAMDEX, X. J.
[Incorporated March, 1841. Commenced business April, 1841.]
Paid-up Capital, $200,000.
EDMUND E. READ, Jr., President. JOSEPH K. SHARP, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Camden city bonds, $3,500 00 83,750 00
Lehigh Valley Coal Co. bonds, . . . 20,000 00 22,000 00
Choctaw, Oklahoma & Gulf R.R. bonds, . . 15,000 00 16,950 00
Read. Co. & Phil. & Read. Coal & Iron Co. b'ds, 25,000 00 25,000 00
Consolidated Traction Co. of N. J. bonds, . 15,000 00 16,350 00
Electric & People's Traction Co. bonds, . . 15,000 00 14,850 00
Norfolk & Western R.R. Co. bonds, . . 20,000 00 20,400 00
Maryland Steel Co. bonds, .... 20,000 00 21,000 00
Syracuse Rapid Transit Co. bonds, . . . 6,000 00 6,120 00
Asphalt Co. of America bonds, . . . 5,000 00 1,500 00
Philadelphia Co. of Pittsburg bonds, . . 13,000 00 14,690 00
CAMDEN FIRE INSURANCE ASSOCIATION.
151
South Bound R.R. Co. bonds, .
Wisconsin Central R.R. Co. bonds, .
City of Duluth Water and Light bonds,
Jersey City, Hoboken & Paters'n R.R. Co
Choctaw & Memphis R.R. Co. bonds,
Reading Co. Car Trusts, .
16 shares Girard Trust Co. (Phil.),
50
100
4
119
100
b'ds
Phila. & Camden Ferry Co.,
Philadelphia Traction Co.,
West Jersey & Seashore R.R.,
Choctaw, Oklahoma & Gulf R.R.,
Philadelphia Co.,
Par Value.
$10,000 00
15,000 00
5,000 00
15,000 00
5,000 00
15,000 00
1,600 00
2,500 00
5,000 00
200 00
5,950 00
5,000 00
Market Value.
$11,000 00
13,500 00
5,750 00
12,000 00
5,800 00
15,000 00
9,600 00
6,000 00
9,800 00
260 00
6,706 00
4,600 00
Securities held as collateral for cash loans : —
Camden & Suburban R'} T Co. bonds,
South Bound R.R. Co. bonds, ....
Excess of loan,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Miscellaneous,
Gross assets,
$242,750 00 |262,626 00
Market Value. Loaned Thereon.
$1,050 00 $1,100 00
16,500 00 10,000 00
31, 1901.
$47,700 00
186.625 00
4,196 68
262.626 00
11,050 00
71 89
46,573 68
416 84
40,600 32
295 03
33 60
109 20
$17,550 00 $11,100 00
50 00
$11,050 00
,298 24
Liabilities.
Losses claimed and reported,
Less reinsurance,
Net amount of unpaid losses,
$37,734 95
7,325 70
$30,409 25
* Value of lands mortgaged, $166,650 00
Value of buildings thereon 235,500 00
Amount of insurance held as collateral 211,200 00
152
CAMDEN FIRE INSURANCE ASSOCIATION.
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Dividends to stockholders, unpaid, .
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$152,587 46
24,554 82
186 80
90 10
13,533 44
114 17
750 00
$222,226 04
. §378,072 20
200,000 00
Surplus over capital, $178,072 20
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash tire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from miscellaneous, .
Deposits received for perpetual fire risks,
$18,735 69
1,353 11
$17,382 58
276,588 08
£293,970 66
40,600 32
$253,370 34
46,892 70
sources,
$206,477 64
12,780 28
10,717 55
1,876 90
248 40
£998 81
Gross cash income, $232,100 77
Expenditures.
Cash paid for fire losses, $78,579 95
Deduct salvage and reinsurance, . . . 3,454 93
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals, ....
Deposits returned on perpetual fire risks, . $563 08
$75,125 02
20,075 00
55,034 69
7,389 75
3,637 65
1,244 25
6,667 78
Gross cash expenditures,
$169,174 14
THE CAPITAL FIRE INSURANCE CO.
153
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . .$15,257,494 00 $150,896 93
Fire risks written during 1901, . . . 26,033,682 00 276,588 08
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$41,291,176 00 $427,485 01
. 14,425,165 00 138,335 07
. $26,866,011 00 $289,149 94
702,454 00 7,305 14
.$26,163,557 00 $281,844 80
Perpetual risks in force (not incl'd above), . $1,210,650 00 $27,283 13
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$747,663 00
241,680 00
97,829 00
267,937 00
20,000 00
31,590 00
"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD,
N. H.," CONCORD, N. H.
[Incorporated March 10, 1886. Commenced business March 19, 1S86.]
Paid-up Capital, $200,000.
LYMAN JACKMAN, President. CHARLES L. JACKMAN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
City of Portsmouth, N. H , bonds, . . . f 40,000 00 $43,200 00
City of Dover, N. H, bonds, .... 26,00000 28,08000
City of Concord, N. H., bonds, .... 25,000 00 28,000 00
N. H. Trust Co., Manchester, N. H., bonds, . 4,950 00 3,960 00
Muscatine M. & Tr. Co., Muscatine, la., bonds, 2,750 00 2,200 00
City Water Co., Merrill, Wis., bonds, . . 5,000 00 5,000 00
Cent. Loan & Deb. Co., Kan. City, Mo., bonds, 3,085 00 2,468 00
Winfield Water Co., Winfield, Kan., bonds, . 3,000 00 3,000 00
Johnson L. & Tr. Co., Ark. City, Kan., bonds, 1,250 00 245 00
Grand Forks, Da., Gas & Electric Co. bonds, . 3,000 00 3,000 00
Wichita, Kan., Water Co. bonds, . . . 2,000 00 2,000 00
Metropolitan West End R.R. Co. bonds, . . 1,000 00 1,020 00
Neb. Loan & Tr. Co., Hastings, Neb., bonds, . 500 00 500 00
City of Kingman, Kan., Water Co. bonds, . 1,000 00 500 00
Town of Montrose, Col., bonds, ... 800 00 800 00
Denver Consolidated Electric Co. bonds, . 1,000 00 1,000 00
154
THE CAPITAL FIKE INSURANCE CO.
Denver Consolidated Gas & Electric Co. bonds,
60 shares C. & M. R.R
25 " Page Belting Co., Concord, N. H., .
25 " Prescott Piano Co., Concord, N. H., .
1 share Amoskeag M'fg Co , Manch., N. H.,
2 shares Nashua M'fg Co., Nashua, N. H., .
30
50
10
7
12
Pullman Palace Car Co., .
Concord Real Estate Co., .
National Bank of Lebanon, N, H.,
Amory Manufacturing Co.,
Metropolitan West Side R.R., .
Par Value.
Market Value.
$5,000 00
$ 4,400 00
6,000 00
12,000 00
1,250 00
1,250 00
2,500 00
2,500 00
1,000 00
1,775 00
1,000 00
1,150 00
3,000 00
6,540 00
5,000 00
5,000 00
1,000 00
1,250 00
700 00
1,050 00
1,200 00
1,012 00
$147,985 00 $162,900 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Rents due and accrued,
Reinsurance due on losses paid,
Gross assets, ....
$101,198 90
90,076 65
2,002 43
162,900 00
2,585 24
13,907 78
1,047 74
32,618 41
483 33
313 41
$407,133 89
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
Due for borrowed money,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$14,212 69
7,986 97
950 00
$23,149 66
3,212 25
$19,937 41
129,427 25
5,729 94
7,000 00
5,570 16
6,650 47
174,315 23
$232,818 66
200,000 00
$32,818 66
* A T alue of property mortgaged, .
Amount of insurance beld as collateral,
$193,000 00
82,400 00
THE CAPITAL FIRE INSURANCE CO.
155
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Income from all other sources,
Borrowed money, ....
Gross cash income,
other
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$42,407 85
245,927 61
$288,335 46
32,618 41
§255,717 05
110,076 82
sources,
$2,000 00
$165,423 61
55,618 37
$145,640 23
4,134 63
6,556 44
5,698 84
57 27
$162,087 41
$109,805 24
4,000 00
32,543 88
11,426 95
6,623 43
10,664 79
$175,064 29
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
.$32,956,416 00 $374,713 17
. 20,910,121 00 245,927 61
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$53,866,537 00 $620,640 78
. 24,141,084 00 294,111 09
. $29,725,453 00 $326,529 69
. 5,163,270 00 72,864 63
.$24,562,183 00 $253,665 06
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (2 per cent), .
Company's stock owned by directors, ....
$3,019,975 00
1,322,562 00
108,073 00
105,614 00
4,000 00
37,700 00
156 THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO.
"THE CENTRAL MANUFACTURERS 1 MUTUAL INSURANCE
COMPANY," VAN WERT, OHIO.
[Incorporated April 7, 1876. Commenced business Oct. 2, 1876.]
H. V. OLNEY, President. W. W. PURMORT, Secretary.
Detailed Statement of Bonds.
Par Value.
United States bonds, $50,000 00
Ohio city bonds, 3,600 00
Van Wert street improvement bonds, . . 7,100 00
Van Wert County turnpike bonds, . . . 6,000 00
Market Value.
$54,500 00
3,776 00
7,130 96
6,000 00
$66,700 00 $71,406 96
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, ....
Net cash assets,
$29,355 00
478 23
71,406 96
602 78
3,227 12
8,627 96
$7,749 29
9,766 14
1,200 00
45,531 14
1,136 38
49 75
$113,698 05
65,432 70
$48,265 35
Income.
Premiums outstanding Dec. 31, 1900, . . $10,872 40
Premiums on risks written or renewed, . . 108,795 17
Total, $119,667 57
Premiums now in course of collection, . . 8,627 96
Entire premiums collected, .... $111,039 61
Less reinsurance and return premiums, . . 20,463 45
Net cash premiums received, ....
Interest received on mortgages,
Interest and dividends received from all other sources, .
$90,576 16
1,301 49
1,405 79
Gross cash income, $93,283 44
* Value of lands mortgaged, $83,117 00
Value of buildings thereon, 2,700 00
Amount of insurance held as collateral 2,700 00
citizens' INSURANCE CO.
157
Expenditures.
Cash paid for losses,
Deduct reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
$62,848 00
94 86
Gross cash expenditures, .
$62,753 14
9,478 71
13,849 68
6,316 96
2,180 93
250 00
3,111 07
$97,940 49
Risks and Premiums.
Amount. Cash Prem's. Contlng't Prem's.
Risks outstanding Dec. 31, 1900, $5,036,947 00 $93,335 09 $475,00153
Risks written during 1901, . 6,124,736 00 108,795 17 566,640 67
Total, $11,161,683 00 $202,130 26 $1,041,642 20
Risks terminated during 1901,. 6,180,865 00 110,948 98 576,08100
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
1,980,818 00 $91,181 28 $465,561 20
3,300 00 119 00 595 00
1,977,518 00 $91,062 28 $464,966 20
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 20 per cent.
$77,285 00
"CITIZENS' INSURANCE COMPANY OF MISSOURI,"
ST. LOUIS, MO.
[Incorporated February, 1837. Commenced business 1837.]
Paid-up Capital, $200,000.
SOL. E. WAGGONER, President. JOHN H. CARR, Secretary.
Summary of Assets Dec 31, 1901.
Cash value of unencumbered real estate, . $4,877 00
Loans on mortgage of real estate (first liens *), 206,955 00
Interest due or accrued thereon, . . . 3,245 00
Southern Pacific R.R. bonds, .... 54,875 00
* Value of lands mortgaged, $316,800 00
Value of buildings thereon, 211,200 00
Amount of insurance held as collateral, .... 169,150 00
158
CITIZENS INSURANCE CO.
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
$1,019 11
126,793 04
416 00
139,128 05
1,734 35
$539,042 55
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
$15,318 83
139,000 18
10,425 00
^164,744 01
122,032 86
§42,711 15
166,706 27
29,564 70
14,606 74
418 53
§93,181 25
1,340 48
§91,840 77
1,196,951 45
§1,288,792 22
139,128 05
$1,149,664 17
918,183 38
§81 62
839 45
§921 07
644 75
254,007 39
§285,035 16
200,000 00
§85,035 16
§231,480 79
276 32
10,636 61
Gross cash income, §242,393 72
THE COLONIAL ASSURANCE CO.
159
Expenditures.
Cash paid for fire losses, $464,598 76
Deduct salvage and reinsurance, . . . 345,094 30
Net cash paid for fire losses, .
Cash paid for marine and inland losses, . . $ 264 64
Deduct salvage and reinsurance, . . . 185 25
Net cash paid for marine and inland losses,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for profit and loss account,
for incidentals,
Gross cash expenditures, .
$119,504 46
79 39
54,746 44
19,259 83
8,566 80
235 45
20,766 93
$223,159 30
Risks and Premiums.
. $46,605,546 00
. 91,079,594 00
$137,685,140 00
49,552,061 00
,133,079 00
64,686,661 00
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1901, .
Deduct risks expired and terminated,
Miscellaneous
Losses paid from organization of company,
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Company's stock owned by directors,
Premiums.
$550,063 38
1,196,951 45
11,747,014 83
612,963 76
(1,134,051 07
831,486 07
$23,446,418 00
$302,565 00
$184,102 00
$839 45
184,102 00
839 45
$4,039,689 00
.
147,390 00
year,
79 00
company,
985,798 00
.
200,000 00
"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated June 16, 1896. Commenced business July 15, 1896.]
Paid-up Capital, $200,000.
LEO H. WISE, President. E. E. HALL, Secretary.
United States bonds,
New York city bonds,
Detailed Statement of Bonds.
Par Value. Market Value.
$125,000 00 $139,300 00
200,000 00 193,500 00
160
THE COLONIAL ASSURANCE CO.
New York State bonds,
Brooklyn city bonds,
Par Value. Market Value.
$100,000 00 $100,000 00
25,000 00 26,750 00
$450,000 00 $459,550 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$459,550 00
2,018 02
3,551 69
3,229 17
90,754 73
$559,103 61
13,950 00
Balance $545,153 61
Liabilities
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
$12,483 14
31,418 26
$43,901 40
3,720 67
$40,180 73
220,233 19
22,873 98
18,747 14
1,383 64
$303,418 68
3,000 00
$300,418 68
$244,734 93
200,000 00
Surplus over capital, $44,734 93
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums 7 4 eceived,
$73,616 17
405,456 73
6479,072 90
83,214 33
$395,858 57
83,737 09
8312,121 48
THE COLONIAL ASSURANCE CO.
161
Marine premiums outstanding Dec. 31, 1900, . $12,812 33
Premiums on risks written or renewed, . . 69,478 63
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources, .
Profit on sale or maturity of securities, .
$82,290 96
7,540 40
$74,750 56
8,169 09
,581 47
12,464 17
2,244 15
Gross cash income, $393,411 27
Expenditures
Cash paid for fire losses, ....
for marine and inland losses, .
for commissions and brokerage,
for salaries of officers, .
for State and local taxes,
Loss on sale of securities,
Cash paid for incidentals,
Gross cash expenditures, .
$222,562 21
35,684 31
118,212 61
3,450 00
8,503 86
3,250 00
2,634 30
$394,297 29-
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks aisd Premiums.
Premiums.
$23,776,600 00 $241,600 17
36,070,782 00 405,456 70
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$59,847,382 00 $647,056 87
30,343,837 00 312,750 58
$29,503,545 00 $334,306 29
1,097,633 00 11,638 07
$28,405,912 00 $322,668 22
$1,851,078 00
2,578,897 00
$4,429,975 00
2,741,409 00
$1,688,566 00
1,000 00
$63,982 14
69,478 G6
^133,460 80
75,697 10
$57,763 70
20 44
Net amount in force, .
$1,687,566 00 $57,743 26
162
COLONIAL FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company, . .$1,572,496 00
Losses paid from organization of company, .... 1,239,837 00
Fire losses incurred during the year, 213,055 00
Marine and inland losses incurred during the year, . . 30,084 00
Cash dividends declared from organization of company, . 20,000 00
Company's stock owned by directors, 92,100 00
-COLONIAL FIRE INSURANCE COMPANY," WASHINGTON, D. C.
[Incorporated Dec. 12, 1899. Commenced business Feb. 10, 1900.]
Paid-up Capital, $-200,000.
S. W. WOODWARD, President. E. QUINCY SMITH, Secretary.
Detailed Statement of Bonds.
Par Value. Market Value.
Norfolk, Va., city bonds, £ 10,000 00 8 10,150 00
New York city bonds, 55,500 00 58,922 50
Brooklyn city bonds, 1,000 00 1,040 00
Syracuse, N. Y., city bonds, .... 30,000 00 29,550
Securities held as collateral for cash loans : —
75 shares Nat'l Metropolitan B'k, Washing.,
436 " American Graphophone Co., .
26 " Amer. Security & Trust Co., Wash.,
890,500 00 899,662 50
Market Value.
$56,250 00
1,526 00
5,642 00
§63,418 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *) , $98,630 19
Loaned Thereon.
$28,500 00
1,3<
4.500 00
834,300 00
Interest due or accrued thereon,
Bonds, as per schedule, ....
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Miscellaneous,
Gross assets,
Deduct special deposits in other States, .
Balance,
1,045 28
99,662 50
34,300 00
4,524 85
18,284 56
933 05
14,408 85
773 76
8272,563 04
10,125 00
8262,438 04
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported,
85,779 33
5,637 10
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$135,096 00
142.S50 00
94,400 00
COLONIAL FIRE INSURANCE CO.
163
Unearned premiums on outstanding risks,
Slate and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance,
Reinsurance disallowed, .
Miscellaneous, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$53,595 24
138 98
2,905 43
2,580 25
34 07
12 56
$70,682 96
10,125 00
§60,557 96
.
§201,880 08
200,000 00
.
§1,880 08
Income.
Fire premiums outstanding Dec. 31, 1900, . $3,975 32
Premiums on risks written or renewed, . . 116,283 36
Total, $120,258 68
Premiums now in course of collection, . . 14,408 85
Entire premiums collected, .... -§105,849 83
Less reinsurance and return premiums, . . 25,436 30
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$80,413 53
4,052 17
5,180 89
$89,646 59
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
§39,094 77
24,314 75
6,780 00
2,128 96
6,094 35
§78,412 83
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
*2,652,569 00
8,565,387 00
Premiums.
$39,239 98
116,283 36
.$11,217,956 00 §155,523 34
. 3,971,298 00 55,262 27
',246,658 00 $100,261 07
440,434 00 5,268 09
. §6,806,224 00 §94,992 98
164
COMMERCE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock 'owned by directors,
-127,212 00
47,173 00
47,249 00
90,400 00
"COMMERCE INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated June 1, 1659. Commenced business June 1, 1859.]
Paid-up Capital, §200,000.
GARRET A. VAX ALLEN*, President. E. DARWIN JI. Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
f 175,000 00 8221,750 00
15,000 00 18,750 00
5,000 00 8,000 00
United States bonds, ....
150 shares First Natl Bank, Albany, N. Y.,
50 " National Bank, Cohoes, N. l r .,
Securities held as collateral for cash loans :
10 shares First Nat'l Bank, Albany, N. Y\,
35 " National Bank of Cohoes, N. Y.,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
8 196,000 00 ?248,500 00
Market Value. Loaned Thereon.
$1,250 00 $1,000 00
5,600 00 SO
66,850 00
51,300 00
31, 1901.
',000 00
38,200 00
248,500 00
1,300 00
1,538 32
30,848 13
150 00
20,495 09
963 29
$420,994 83
•56,270 00
10,290 00
1,500 00
618,060 00
510 00
$17,550 00
* Value of lands mortgaged, ....
Value of buildings thereon,
Amount of insurance held as collateral, .
">0 00
54,050 CO
46,000 00
COMMERCE INSURANCE CO.
165
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
100,654 29
156 34
4,159 90
1,954 26
4,967 61
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of oflScers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals, ....
Gross cash expenditures, .
$14,651 94
174,405 03
$ 189,056 97
20,495 09
$168,561 88
21,295 31
sources,
$81,075 99
2,233 41
$129,442 40
$291,552 43
200,000 00
$91,552 43
$147,266 57
1,570 00
7,934 47
6,779 92
$163,550 96
$78,842 58
16,000 00
33,689 28
13,501 38
7,796 45
403 43
8,407 36
$158,640 48
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
.$17,753,753 00 $184,425 95
. 15,930,876 00 174,405 03
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$33,684,629 00 $358,830 98
. 13,454,164 00 154,278 09
. $20,230,465 00 $204,552 89
. 1,157,393 00 10,793 99
.$19,073,072 00 $193,758 90
166
THE COMMERCIAL UNION FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent ), .
Company's stock owned by directors, . . . .
$5,958,872 00
3,784,290 00
88,868 00
936,000 00
16,000 00
70,400 00
"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF
NEW YORK,'' N. Y.
[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.]
Paid-up Capital, $200,000.
A. H. WRAY, President. C. J. HOLM AN, Secretary.
Detailed Statement of Stocks, Bonds, etc.
United States bonds,
New York city armory bonds, .
New York city water loan,
Atchison, Topeka & Santa Fe R.R. bonds,
Southern R'y bonds,
Chicago, Mil. & St. Paul R.R. stock,
Southern R'y Co. stock, ....
Par Value.
§20,000 00
200,000 00
13,000 00
10,000 00
8,000 00
10,000 00
10,000 00
Market Value.
$27,950 00
198,000 00
13,438 75
10,200 00
9,960 00
18,950 00
9,300 00
$271,000 00 $287,798 75
Summary of Assets Dec. 31, 1901.
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, 6376 44
Gross assets,
§287,798 75
1,663 16
16,446 79
1,113 75
44,585 55
63 09
8351,676 09
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, , .
$8,465 00
14,500 00
3,500 00
$26,465 00
7,375 00
Net amount of unpaid losses, .
§19,090 00
THE COMMERCIAL UNION FIRE INSURANCE CO.
167
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Reserved for contingencies,
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
§81,497 50
7,882 21
6,015 31
110 01
2,000 00
§116,595 03
$235,081 06
200,000 00
$35,081 oa
Income.
Fire premiums outstanding Dec. 31, 1900, . $45,969 35
Premiums on risks written or renewed, . 271,164 62
Total, |317,133 97
Premiums now in course of collection, . . 44,961 99
Entire premiums collected, .... $272,171 98
Less reinsurance and return premiums, . . 131,152 77
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Gross cash income,
$141,019 21
8,590 62
$149,609 8a
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . , .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, . ...
Gross cash expenditures, ....
$135,782 95
54,838 79
,944 16
10,000 00
31,633 02
3,724 93
5,105 47
3,233 61
$134,641 19
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Tremiums.
.$26,246,937 00 $255,844 54
. 25,790,012 00 271,164 62
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $52,036,949 00 $527,009 16
. 26,761,859 00 266,112 13
. $25,275,090 00 $260,897 03
. 9,936,433 00 96,131 08
.$15,338,657 00 $164,765 95
168
THE COMMONWEALTH INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, ....
8676,861 00
395,646 00
77,751 00
59,000 00
10,000 00
'0 00
"THE COMMONWEALTH INSURANCE COMPANY OF
NEW YORK," N. Y.
[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1S86.]
Paid-up Capital, $500,000.
•CHARLES S. BARTOW, President. E. J. PERRIN, Secretary pro tern.
Detailed Statement of Stocks
United States bonds, ....
New York city bonds, ....
Missouri, Kansas & Texas R'y bonds,
200 shares American Telephone & Cable Co.
175
320
1,000
200
235
200
100
500
300
200
200
100
200
100
100
50
200
70
200
100
400
200
13
25
50 '
17 '
American Surety Co., .
American Sugar Refining Co.,
Brooklyn City R.R. Co.,
Am. Smelting & Refining Co.,
American Tel. & Telegraph Co ,
Chicago & Alton R'y Co., .
Chic, St. Paul, Minn. & O'ha R"y
Chicago, Mil. & St. Paul R'y,
Chicago & Northwestern R'y,
Consolidated Gas Co. of N. Y.,
Del., Lack. & Western R.R Co.,
Delaware & Hudson Canal Co.,
Erie R.R. Co.,
Great Northern R'y Co.,
Illinois Central R.R. Co., .
Kan. City, St. Louis & Chic. R.R
Pullman Co.,
Hocking Valley R'y Co.,
N. l r ., New Haven & Hart. R.R.,
Rome, Watert'n & Ogden. R.R.,
Pennsylvania R.R. Co.,
United States Steel Corporation,
Bank of America, N. Y\,
Central National Bank, N. Y.,
German-American Bank, N. Y\,
Manhattan Company, .
and Bonds.
Par Value.
$5,000 00
195,000 00
10,000 00
20,000 00
8,750 00
32,000 00
10,000 00
20,000 00
23,500 00
20,000 00
10,000 00
50,000 00
30,000 00
20,000 00
10,000 00
10,000 00
20,000 00
10,000 00
10,000 00
5,000 00
20,000 00
7,000 00
20,000 00
10,000 00
20,000 00
20,000 00
1,300 00
2,500 00
3,750 00
850 00
Market Value.
|5,450 00
198,312 50
9,800 00
18,025 00
15,312 50
35,340 00
18,725 00
19,387 50
35,981 25
15,275 00
10,162 50
83,150 00
44,146 88
39,812 50
15,387 50
12,100 00
14,375 00
18,450 00
13,812 50
6,818 75
36 612 50
5,810 00
40,400 00
11,087 50
29,525 00
18,350 00
3,401 25
3,632 50
4,537 rO
1,672 32
THE COMMONWEALTH INSURANCE CO.
169
50 shares National Park Bank of N. Y., .
50 4i Merchants 1 National Bank, N. Y.,
25 " Nal'l Bank of Commerce, N. Y.,
50 " N. Y. Produce Exchange Bank,
50 " Corn Exchange Bank,
Par Value.
§5,000 00
2,500 00
2,500 00
5,000 00
5,000 00
Market Value.
822,794 37
3,625 00
4,500 00
5,550 00
14,000 00
$644,650 00 $835,322 32
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), $113,T)00 00
Interest due or accrued thereon, . . . 1,160 83
Stocks and bonds, as per schedule, . . . 835,322 32
Cash in the office of the company, . . . 1,382 44
Cash deposited in bank, 28,672 30
Premiums in course of collection (gross), . 37,323 55
Gross assets, $ 1,016,861 44
Liabilities.
Losses claimed and reported, .... $12,697 31
Unearned premiums on outstanding risks, . 150,318 28
Due and accrued for rent, salaries, etc., . . 2,050 00
•Commissions and brokerage, .... 5,399 19
Return premiums, 1,204 07
Reinsurance disallowed, 2,114 15
Reserved for contingencies, .... 44,105 46
Gross liabilities, except capital, . .
Surplus as regards policy holders,
Paid-up capital, $500,000 00
Scrip outstanding, not ordered to be redeemed, 12,400 00
Surplus over capital and scrip,
Income.
Fire premiums outstanding Dec. 31, 1900, . §33,008 69
Premiums on risks written or renewed, . . 307,128 04
Total §340,136 73
Premiums now in course of collection, . . 37,323 55
Entire premiums collected, .... $302,813 18
Less reinsurance and return premiums, . . 56,319 33
Net cash fire premiums received, . . . §246,493 85
Interest received on mortgages, 5,560 00
Interest and dividends received from all other sources, . . 30,267 95
Gross cash income, $282,321 80
217,888 46
§798,972 98
512,400 00
$286,572 98
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
|86,000 00
9S.000 00
100,000 00
170
THE CONCORDIA FIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
* 147,880 51
3,133 26
Gross cash expenditures,
|144,747 25
30,000 00
36,828 70
26,240 70
8,318 26
11,982 11
-,117 02"
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . ^28,606,385 00 $250,869 81
Fire risks written during 1901, . . . 34,512,782 00 307,128 04
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $63,119,167 00 $557,997 85
. 33,272,167 00 271,941 16
$29,847 ,000 00 $286,056 69
790,729 00 4,941 03
.$29,056,271 00 £281,115 66
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$2,968,994 0O
• 1,706,153 00
140,124 00
321,000 00
30,000 00
210,000 00
"THE CONCORDIA FIRE INSURANCE COMPANY OF
MILWAUKEE," MILWAUKEE, WIS.
[Incorporated March 7, 1870. Commenced business March 20, 1-
Paid-up Capital, $200,000.
GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary.
Detailed Statement of Bonds.
Par Value. Market Value.
Chicago, 111., sewerage bonds, .... $25,000 00 825,297 50
Cincinnati sinking fund bonds, . . . 40,000 00 42,848 00
Washington Co., 111., bonds, .... 15,000 00 15,402 0O
THE CONCORDIA FIRE INSURANCE CO.
171
Lincoln, Xeb., school bonds, .
State of Montana bonds, .
Fond du Lac, Wis., bonds,
Sparta, Wis., bonds, .
Dubuque, Iowa, improvement bonds,
Whiting, Ind., water works bonds,
Kansas City, Mo., funding bonds,
Lawrence County, 111., bonds, .
Spokane, Wash , water works bonds,
New York city bonds,
Milwaukee, Wis., school bonds,
Par Value.
§25,000 00
40,000 00
30,000 00
3,000 00
10,000 00
10,000 00
11,900 00
12,500 00
20,000 00
25,000 00
50,000 00
Market Value.
§26,150 00
41,268 00
30,348 00
3,000 00
10,000 00
10,863 00
13,280 40
13,357 50
22,336 00
27,297 50
54,163 70
§317,400 00 §335,611 60
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Bonds, as per schedule, .
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
31, 1901.
|32,300 00
407,955 00
4,605 32
335,611 60
2,131 48
22,265 60
6,452 90
116,349 31
1,303 34
§928,974 55
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
§36,135 99
45,821 83
4,250 00
§86,207 82
24,640 31
§61,567 51
560,438 79
29,087 33
1,097 42
652,191 05
§276,783 50
200,000 00
§76,783 50
* Value of lauds mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$627,400 00
601,300 00
345,150 00
172
THE CONCORDIA FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income, .
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals,
Gross cash expenditures, .
$124,086 34
2,983 63
§121,102 71
926,589 75
fl,047,692 46
116,349 31
$931,343 15
314,347 36
sources,
§492,614 67
123,703 30
$616,995 79
24,682 78
14,207 39
1,450 00
§657,335 96
1368,911 37
20,000 00
171,185 51
33,900 89
22,571 85
420 23
56,014 05
8673,003 90
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$115,315,211 00 $1,244,859 72
. 78,832,263 00 926,589 75
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$194,147,474 00 $2,171,449 47
. 73,288,392 00 842,792 04
$120,859,082 00 §1,328,657 43
. 18,951,355 00 228,077 56
§101,907,727 00 §1,100,579 87
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
§7,910,442 00
4,133,041 00
396,927 00
327,667 00
20.000 00
107,700 00
CONNECTICUT FIRE INSURANCE CO.
173
"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD,
CONN.
[Incorporated June, 1850. Commenced business July, 1850.]
Paid-up Capital, $1,000,000.
J. D. BROWNE, President. CHARLES R. BURT, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Dominion of Canada bonds, .... $100,00000 $101,00000
State of Georgia bonds, 25,000 00 28,500 00
Territory of Arizona bonds, .... 75,000 00 82,000 00
City of Astoria, Ore., bonds, .... 17,000 00 18,5C0 00
City of Dallas, Tex., bonds, .... 12,000 00 13,200 00
City of Duluth, Minn , bonds, .... 10,000 00 10,700 00
City of Fargo, N. D., bonds, . . . . 15,000 00 15,990 00
City of Helena, Mont., bonds, .... 20,000 00 21,600 00
City of Pawtucket, R. I., bonds, . . . 30,000 00 32,400 00
City of Portland, Ore., bonds, .... 25,000 00 28,750 00
City of Richmond, Va., bonds, . . . 50,000 00 50,000 00
City of Salem, Ore , bonds, .... 11,00000 11,88000
City of Salt Lake, U., bonds 40,000 00 44,000 00
City of Seattle, Wash., bonds, .... 25,000 00 27,000 00
City of Urbana, O., bonds, .... 15,000 00 15,000 00
Hennepin Co. & Minnea'lis city, Minn., bonds, 25,000 00 27,500 00
Wayne County, Mich., bonds, .... 25,000 00 26,250 00
Mankato School District, Minn., bonds, . . 15,000 00 15,000 00
School Dist. No. 24, Marion Co., Ore., bonds, . 13,000 00 14,040 00
South School District, Hart., Conn., bonds, y 25,000 00 26,125 00
High School District, Stockton, Cal., bonds, . 30,000 00 33,000 00
Atlantic & Danville R.R. Co. bonds, . . 25,000 00 23,625 00
Black Rocks & Salis. Beach St. R.R. Co. bonds, 10,000 00 10,000 00
Broadway & Seventh Avenue R.R. Co. bonds, 20,000 00 20,400 00
Chic, St. Louis & New Orl. R.R. Co. bonds, . 25,000 00 24,500 00
Chicago & Northwestern R.R. Co. bonds, . 5,000 00 5,400 00
Chicago & Western Indiana R.R. Co. bonds, .. 24,000 00 28,320 00
Cincinnati, Dayton & Ironton R.R. Co. bonds, . 15,000 00 16,500 CO
Cincin , Hamilton & Dayton R.R. Co. bonds, . 50,000 00 55,000 00
Cleve., Cin , Chic & St. Louis R.R. Co. bonds, 10,000 00 9,500 00
Cleveland Electric R y Co. bonds, . k . . 30,000 00 31,500 00
Cleveland & Mahoning Valley R.R. Co. bonds, 10,000 00 12,500 00
Dayton & Michigan 1 J. R. Co. bonds, . . 25,000 00 27,500 00
Fitchburg R.R. Co. bonds, .... 50,000 00 55,000 00
Harlem River & Port Chester R.R. Co. bonds, 40,000 00 42,000 00
Illinois Central R.R. Co. bonds, . . . 25,000 00 25,000 00
Lehigh Valley R'y Co. bonds, .... 25,000 00 27,000 00
Lynn & Boston R'y Co. bonds, . . . . 10,000 00 11,000 00
Minneapolis & St. Louis R.R. Co. bonds, . 50,000 00 50,000 00
Norfolk & Western R.R. Co. bonds, . . 25,000 00 25,000 00
North Chicago Street R.R. Co. bonds, . . 10,000 00 10,500 (0
174
CONNECTICUT FIRE INSURANCE CO.
N. Y. Cent & Hudson River R.R. Co. bonds,
N. Y., Lackawanna & West. R.R. Co. bonds,
N. Y., N. H. & H. R.R. Co. debenture c'tfs,
Penn. & N. Y. Canal & R.R. Co. bonds, .
Port Reading R.R. Co. bonds, .
Rutland Canadian R.R. Co. bonds, .
Southern Pacific R.R. Co. bonds,
St. Louis & San Francisco R.R. Co. bonds,
St. Louis Southern R.R. Co. bonds, .
Toledo & Ohio Central R.R. Co. bonds, .
Utica, Clinton & Binghaniton R.R. Co. bonds
W. Chicago St. R.R. Co. bonds,
W. Chicago St. R.R. Tunnel Co. bonds, .
Adams Express Co. bonds,
Chicago Edison Co. bonds,
Hartford Electric Light Co. bonds, .
Minneapolis Gas Light Co. bonds, .
New York Dock Co. bonds,
People's Gas Light & Coke Co., Chic, bonds,
Swift Co., Chicago, bonds,
Northwestern Telegraph Co. bonds,
Western Union Telegraph Co. bonds,
Traders' Safe & Trust Co., Chicago, bonds,
150 shares Bald Eagle Valley R.R. Co., .
150 " Chicago & Northwestern R.R. Co
172 " N. Y. Cent. & Hud. River R.R. Co
300 " Pitts., Ft. Wayne & Chic. R.R. Co
200 " Empire & B. S. Telegraph Co.,
600 " Northwestern Telegraph Co.,
412 " New York Dock Co.,
167 " First National Bank, Minneapolis,
100 " Imp. & Traders' Nat'l Bank, N. Y,
11 " Second Nat'l Bank, New Haven,
100 " JEtna National Bank, Hartford,
93 " Charter Oak National Bank, Hart.
125 " Farm. & Mech. Nat'l Bank, Hart.,
185 " First National Bank, Hartford,
300 " Hartford National Bank, Hartford
412 " National Exchange Bank, Hart ,
150 " Phoenix National Bank, Hart.,
45 " Conn. Trust & S. D. Co., Hart.,
Par Value.
|50,000 00
40,000 00
86,500 00
25,000 00
10,000 00
25,000 00
40,000 00
25,0C0 00
25,000 00
15,000 00
10,000 00
10,000 00
10,000 00
25,000 00
25,000 00
10,000 00
25,000 00
41,000 00
25,000 00
25,000 00
15,000 00
50,000 00
10,000 00
7,500 00
15,000 00
17,200 00
30,000 00
20,000 00
30,000 00
41,200 00
16,700 00
10,000 00
1,100 00
10,000 00
9,300 00
12,500 00
18,500 00
30,000 00
20,600 00
15,000 00
4,500 00
Market Value.
151,260 00
42,000 00
151,000 00
27,000 00
10,800 00
25,000 00
42,000 00
25,000 00
26,250 00
16,500 00
12,400 00
10,500 00
10,100 00
26,000 CO
26,750 00
10,500 00
25,000 00
38,540 00
26,250 00
25,500 00
15,900 00
53,000 00
10,000 00
15,000 00
30,000 00
27,520 00
57,000 00
16,000 00
36,000 00
17,716 00
21,710 00
60,000 00
2,035 00
18,500 00
8,370 00
15,000 00
22,200 00
39,000 00
25,544 00
18,000 00
8,325 00
£2,018,600 00 £2,297,840 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . §217,000 00
Loans on mortgage of real estate (first liens *), 1,193,750 00
* Value of lands mortgaged $1,550,075 00
Value of buildings thereon, 1,832,275 00
Amount of insurance held as collateral, .... 1,293,50000
CONNECTICUT FIRE INSURANCE CO.
175
Stocks, bonds, etc., as per schedule, . . $2,297,840 00
Cash in the office of the company, . . . 443 0?
dash deposited in bank, 392,159 74
Premiums in course of collection (gross), . 342,955 10
Prem's more than three mos. due, $2,084 00
Gross assets,
Deduct special deposits in other States,
1,444,147 91
168,390 00
Balance, $4,275,757 91
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
|97,865 54
149,613 51
35,955 32
|283,434 37
21,644 91
$261,789 46
2,031,144 70
9,575 49
70,654 69
40,485 89
19,690 54
^2,433,340 77
87,686 00
2,345,654 77
11,930,103 14
1,000,000 00
Surplus over capital, $930,103 14
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents
Gross cash income,
$323,059 40
2,813,097 85
$3,136,157 25
345,039 10
$2,791,118 15
413,981 48
sources,
$2,377,136 67
59,206 50
97,279 16
5,502 -65
. $2,539,124 98
176
CONTINENTAL INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for lire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
§1,496,205 95
133,479 54
Gross cash expenditures,
$1,362,726 41
100,000 00
499,920 84
174,028 34
72,878 46
172,195 90
£2,381,749 95
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
6311,400,037 00 83,603,911 34
228,707,070 CO 2,813,<<97 85
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
6540,107,107 00 £6,417,009 19
193,473,344 00 2,345,202 52
£346,633,763 00 64,071,806 67
18,242,493 00 232,536 02
6328,391,270 00 63,839,270 65
Miscellaneous.
Premiums received from re-organization of company, .
Losses paid from re-organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from re-organization of company.
Dividends declared during the year (10 per cent ),
Company's stock owned by directors, ....
631,511,181 00
17,846,630 00
1,435,435 00
3,605,000 00
100,000 00
27,400 00
"CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated November, 1852. Commenced business January, 1S53.J
Paid-up Capital, $1,000,000.
F. C. MOORE, President. EDWARD LANNING, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, § 200,000 00 £200,000 00
New York City bonds, 600,000 00 600,000 00
Chicago & Northwestern sinking fund bonds, 41,000 00 41,000 00
Chicago & Alton Railway Co. bonds, . . 20,000 00 15,000 00
Columbia & Greenville R R. bonds, . . 50,000 00 50,000 00
Elmira, Cortland & Northern R.R. bonds, . 50,000 00 50,000 00
Erie Railway Co. bonds, 100,000 00 100,000 00
Georgia State bonds, 25,000 00 25,000
CONTINENTAL INSURANCE CO.
177
Par Value. Market Value.
Kentucky Central Railway Co. bonds, . . §50,000 00 $45,000 00
Louisville & Nashville R.R. bonds, . . . 50,000 00 50,000 00
Metropolitan Street Railway Co. bonds, . . 100,000 00 100,000 00
New Mexico bonds, 10,000 00 10,000 00
N. Y. Gas & Elec. L., EL & P. Co. bonds, . 100,000 00 90,000 00
N. Y., New Haven & Hartford R R. bonds, . 20,000 00 30,000 00
Panama Railroad Co. bonds, .... 89,000 00 89,000 00
Portland, Ore., water bonds, .... 50,000 00 50,000 00
Richmond, Va., bonds, 50,000 00 50,000 00
Western Union Telegraph Co. bonds, . . 150,000 00 150,000 00
250 shares American Exchange Nat'l Bank, 25,000 00 43,750 00
50 " Bank of America, . . . 5,000 00 20,000 00
1,200 " Mechanics' National Bank,. . 30,000 00 52,500 00
250 " Mercantile National Bank, . . 25,000 00 43,750 00
350 " Merchants' National Bank, . 17,500 00 26,250 00
1,000 " Consolidated Gas Co., . . 100,000 00 200,000 00
200 " Central Trust Co., ... 20,000 00 200,000 00
100 " Albany & Sus. R R. Co., . . 10,000 00 17,500 00
1,000 " Atlanta & Charlotte Air L'e R.R. , 100,000 00 120,000 00
625 " American Tel. & Telegraph Co., 62,500 00 93,750 00
1,000 " Baltimore & Ohio R.R. Co., . 100,000 00 85,000 00
200 " Buffalo, Roch. & Pitts. R'y, . 20,000 00 24,000 00
20,000 " Brooklyn City R.R. Co., . . 200,000 00 450,000 00
1,000 " Chic. & Eastern 111. R.R. Co., . 100,000 00 110,000 00
3,000 " Chic, Mil. & St. Paul R'y, . . 300,000 00 470,000 00
2,500 " Chicago & Northwestern R'y, . 250,000 00 475,000 00
1,000 " Chic , St. P., M. & Oma. R'y Co., 100,000 00 160,000 00
2,500 " Chicago & Alton Railway Co., . 250,000 00 187,500 00
1,000 " CI., Cin., Chic. & St. L. R'y Co, . 100,000 00 100,000 00
500 " Chicago Great -Western R'y Co, 50,000 00 42,500 00
500 " Cin, Hamilton & Dayton R'y Co, 50,000 00 50,000 00
500 " Delaware & Hudson Canal Co, . 50,000 00 75,000 00
3,200 " Great Northern Railway Co, . 320,000 00 528,000 00
2,000 " Lake Shore & M. South. R'y Co, 200,000 00 400,000 00
500 " Mahoning Coal R.R. Co, . . 25,000 00 50,000 00
600 " Missouri Pacific R'y Co, . . 60,000 00 60,000 00
1,000 " N. Y, Chic. & St. L. R.R. Co, . 100,000 00 85,000 00
4,408 " N. Y. & Harlem R.R. Co, . . 220,400 00 837,520 00
1,000 " N. Y, N. Hay. & Hart. R.R. Co, 100,000 00 200,000 00
7,500 " Pennsylvania R.R. Co, . . 375,000 00 468,750 00
5,000 " Pitts, McKees.&Youg R.R. Co, 250,000 00 275,000 00
750 " Pitts, Ft. W. & Chic. R'y Co, . 75,000 00 131,250 00
1,000 " Pitts, Cin, Chic. & St. L. R'y Co, 100,000 00 100,000 00
1,000 " Rome, Watert'n & Og. R.R. Co, 100,000 00 120,000 00
500 " Second Avenue R.R. Co, . . 50,000 00 95,000 00
2,000 " United N. J. R.R. & Canal Co, . 200,000 00 500,000 CO
2,000 " Southern R'y Co, . . 200,000 00 1 60,000 00
16,095,400 00 f 8,802,020 00
178
CONTINENTAL INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens f)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Pre m's more than three mos. due, £439,258 77
Gross assets, %
Deduct special deposits in other States, .
Balance,
31, 1901.*
$1,106,250 00
50,910 00
911 33
8,802,020 00
4,316 84
825,733 82
73,175 57
734,136 11
1,558 64
-811,599,011 81
120,000 00
si 1,479,011 81
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$384,385 12
42,344 00
$426,729 12
19,259 71
$407,469 41
4,806,903 60
28,335 00
6,089 34
75 00
15,000 00
422,311 34
11,500 00
1,238 83
65,698,922 52
83,395 75
5,615,526 77
15,863,485 04
1,000,000 00
S4,863,4>
* The company holds also instalment premium notes to the amount of 81." vhich
do not enter into or form any part of the assets of the company, as no portion of them is
earned. Whatever value is attached to them would necessarily be counterbalanced by the
addition of an amount exactly equal to the insurance liability, the entire sum cl
" uuearned premiums."
f Value of lands mortgaged 859,050 00
Value of buildings thereon,
Amount of insurance held as collateral, .... 71,^0000
X Including $600,000 special reserve held under New York laws.
CONTINENTAL INSURANCE CO.
179
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for redemption of scrip, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, .
$1,098,892 48
5,793,536 75
$6,892,429 23
1,173,394 88
$5,719,034 35
797,149 42
sources,
$4,921,884 93
2,330 17
376,674 42
19,733 47
. $5,320,622 99
},898,015 78
249,161 95
$2,648,853 83
249,925 00
145 00
1,030,748 19
356,332 08
132,033 92
304,484 44
$4,722,522 46
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$902,460,369 00 $8,471,143 80
.611,682,411 00 5,793,536 75
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$1,514,142,780 00$ 14,264,680 55
.565,676,911 00 4,909,408 28
$948,465,869 00 $9,355,272 27
. 23,970,326 00 274,062 17
$924,495,543 00 $9,081,210 10
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the vear, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, ....
$*o,749,775 00
46,980,923 00
2,684,656 00
6,894,357 00
250,000 00
159,400 00
180
THE DELAWARE INSURANCE CO.
"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA/'
PHILADELPHIA, PA.
[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.]
Paid-up Capital, $702,875.
TATTNALL PAULDING, President. HENRY LYLBURN, Secretary.
Detailed Statement of Stocks,
Tennessee State bonds, ....
Georgia State bonds, ....
Richmond, Va., city bonds, , .
Newark, N. J., city bonds,
Camden, N. J., city bonds,
Allentown Terminal R 1 y Co. bonds,
Lehigh Valley R'y bonds,
Penn. & N. Y. Canal and R.R. Co. bonds,
Delano Land Co. bonds, .
Mortgage Trust Co., Penn., bonds, .
Wilmington & Northern R.R. bonds,
St. Louis Merchants' Bridge Term. Co. bonds
Phila., Wilm. & Bait. R.R. certificates,
Pitts., Youngstown & Ashtabula R.R. bonds,
People's Passenger R'y Co. bonds, .
Pittsburgh, Shenango & Lake Erie R.R. bonds
United Traction Co. (Pittsburgh) bonds,
Lynn & Boston R.R. Co. bonds,
Allegheny Valley R.R. Co. bonds,
Johnson Steel Co. bonds, .
Westinghouse Electric & Mfg. Co. bonds
Connecticut R.R. & Lighting Co. bonds,
Reading R.R. Co. bonds, .
New York Dock Co. bonds,
Pennsylvania R.R. Co. stock,
Reading R.R. Co. stock, .
New York Dock Co. stock,
Philadelphia Bourse stock,
Underwriters' Salvage Co. stock,
Securities held as collateral for cash loans
300 shares Pennsylvania R.R. Co., .
200 " United Gas Improvement Co.,
600 " Pittsburg Consol. Traction Co.,
100 " Lehigh Valley R.R. Co., .
Bonds, etc
Par Value.
f 3 1,300 00
25,000 00
37,000 00
75,000 00
30,000 00
50,000 00
125,000 00
50,000 00
30,000 00
15,000 00
25,000 00
25,000 00
30,000 00
40,000 00
30,000 00
25,000 00
20,000 00
20,000 00
50,000 00
17,000 00
20,000 00
25,000 00
40,000 00
11,000 00
27,500 00
35,000 00
11,000 00
1,375 00
500 00
Market Value.
§29,735 00
26,500 00
39,960 00
77,250 00
32,400 00
51,250 00
133,250 00
47,500 00
31,500 00
12,750 00
27,000 00
28,250 00
32,700 00
48,000 00
31,900 00
30,000 00
23,400 00
22,600 00
54,500 00
17,850 00
21,000 00
25,500 00
38,000 00
10,120 00
41,250 00
28,700 00
4,730 00
155 00
500 00
§921,675 00 $968,250 00
Market Value. Loaned Thereon.
$ 22,500 00 >|
23,300 00 ! fi 50 qoo
13,800 00 j
3,700 00 J
863,300 00 650,000 00
THE DELAWARE INSURANCE CO.
181
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance,
31, 1901.
$200,500 00
127,700 00
1,795 42
968,250 00
50,000 00
490 14
68,515 75
150,733 47
608 34
2,692 65
$1,571,285 77
10,600 00
$1,560,685 77
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$700 00
65,575 00
1,000 00
$67,275 00
8,655 00
$58,620 00
600,918 63
113,902 79
77 00
28,010 24
799,528 66
$761,157 11
702,875 00
$58,282 11
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$161,036 82
890,980 44
1,052,017 26
150,733 47
$901,283 79
219,912 71
$681,371 08
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$213,000 00
10^,000 00
96,000 00
182
THE DELAWARE INSURANCE CO.
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
from premiums on perpetual fire risks,
from miscellaneous,
$6,297 50
41,072 35
1,635 00
6,253 56
1,586 79
Gross cash income, $738,216 28
Expenditures.
Cash paid for fire losses, $445,630 90
Deduct reinsurance, 53,699 86
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$391,931 04
21,086 25
170,760 67
62,575 46
25,967 71
55,361 32
$727,682 45
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . $ 131,181,914 00 $1,390,813 75
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
80,008,696 00 890,980 44
8211,190,610 00 §2,281,794 19
86,470,435 00 939,480 80
$124,720,175 00 $1,342,313 39
13,112,519 00 178,516 76
$111,607,656 00 $1,163,796 63
Perpetual risks in force (not incl'd above), . $4,391,258 00 $126,558 65
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors, . . . .
634,779,827 00
. 20,666,495 00
389,242 00
. 2,761,021 00
21,086 00
61,925 00
THE DETROIT FIRE AND MARINE INSURANCE CO.
183
"THE DETROIT FIRE AND MARINE INSURANCE COMPANY,"
DETROIT, MICH.
[Incorporated Feb. 1, 1866. Commenced business March 14, 1866.]
Paid-up Capital, $500,000.
WILLIAM A. MOORE, President. A. H. McDONELL, Secretary.
Detailed Statement of Bonds.
Par Value.
United States bonds, $115,000 00
Pioneer Steamship Co. bonds, .... 10,000 00
American Steamship Co. bonds, . . . 10,000 00
Yosemite Steamship Co. bonds, . . . 10,000 00
School District, Springwells, Mich., bonds, . 6,000 00
Market Value.
$124,775 00
10,025 00
10,025 00
10,025 00
6,000 00
Securities held as collateral for cash loans : -
Mortgage assigned,
2 shares People's Savings Bank stock, .
100 " Detroit National Bank stock, .
Excess of loan,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Bonds, as per schedule, ....
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks.
Advances on losses on vessels and cargoes,
Prem's more than three mos. due, $2,186 96
Gross assets,
$151,000 00 $160,850 00
Market Value.
$2,000 00
2,400 00
14,000 00
$18,400 00
31, 1901.
8331,270 57
784,795 48
18,585 69
160,850 00
10,200 00
9,265 36
50,126 47
3,887 35
51,832 39
693 32
1,658 00
Loaned Thereon.
$800 00
2,629 50
7,000 00
$10,429 50
229 50
810,200 00
$1,423,164 63
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
$1,326 06
36,111 22
4,039 18
* Value of lands mortgaged, $997,828 00
Value of buildings thereon 934,460 00
Amount of insurance held as collateral, .... 620,01300
184
THE DETROIT FIRE AND MARINE INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
8213,737 47
7,338 20
6,133 41
8268,683 54
81,154,481 09
500,000 00
$654,481 09
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Profit on sale of real estate,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for premium on bonds, .
Loss on sale of real estate,
Cash paid for incidentals,
Gross cash expenditures,
$44,067 44
321,731 85
$365,799 29
52,007 83
§313,791 46
63,192 29
$4,213 74
75,892 09
$80,105 83
4,568 40
$75,537 43
12,303 91
sources,
$144,345 72
20,010 81
$51,035 40
14,278 19
$250,599 17
63,233 52
47,269 02
12,291 12
3,113 91
544 70
$377,051 44
$124,334 91
36,757 21
50,000 00
42,718 36
24,085 42
18,668 87
1,312 10
3,905 96
21,500 64
8323,283 47
DUTCHESS INSURANCE CO.
185
Fire risks outstanding Dec. 31,. 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
.$31,214,133 00 $309,469 66
. 31,403,566 00 321,731 85
Total,
Deduct risks expired and terminated,
In force at end of year, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year,
>,617,699 00 $631,201 51
. 26,140,951 00 259,723 07
. $36,476,748 00 $371,478 44
. $623,525 00 $37,084 73
. 6,609,735 00 75,892 09
. $7,233,260 00 $112,976 82
. 6,416,443 00 72,645 49
$816,817 00 $40,331 33
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$7,861,708 00
4,031,395 00
136,956 00
44,697 00
1,066,000 00
50,000 00
106,550 00
"DUTCHESS INSURANCE COMPANY," POUGHKEEPSIE, N. Y.
[Incorporated April 12, 1836. Commenced business April 12, 1836.]
Paid-up Capital, $200,000.
L. H. VAIL, President. J. J. GRAHAM, Secretary.
Detailed Statement of Stocks and Bonds.
ParValne. Market Value.
New York city bonds, $78,000 00 $82,250 00
Buffalo city bonds, 20,000 00 21,400 00
Poughkeepsie city bonds, 53,500 00 53,500 00
Long Island city bonds, 5,000 00 5,800 00
Lake Erie & Western R.R. Co. bonds, . . 10,000 00 11,850 00
Chicago & E. Illinois Railroad Co. bonds, . 10,000 00 12,200 00
Kanawha & Michigan R'y Co. bonds, . . 5,000 00 4,925 00
Iowa Central Railway Co. bonds, . . . 10,000 00 11,625 00
Leavenworth Ter. R'y & Bridge Co. bonds, . 5,000 00 5,300 00
Central of Georgia Railway Co. bonds, . . 12,000 00 12,825 00
Brooklyn Union Gas Co bonds, . . . 5,000 00 5,850 00
United Traction & Electric Co. bonds, . 5,000 00 5,675 00
Read. Co. & Phil. & Read. C'l & I'n Co. bonds, 10,000 00 10,050 00
186
DUTCHESS INSURANCE CO.
Par Value. Market Value.
St. Louis, Iron Mt & Southern R'y bonds, . §10,000 00 f 11,725 00
Poughkeepsie Elec. Light & Power Co. bonds, 10,000 00 10,600 00
Chicago Gas Light & Coke Co. bonds, . . 10,000 00 11,050 00
Southern Pacific Company bonds, . . . 10,000 00 9,350 00
60 shares Far. & MTt's Nat'l Bank, Pough., . 6,000 00 10,500 00
100 " Chicago & Northwestern fry Co. . 10,000 00 20,700 00
100 " Union Pacific R.R. Co., . . . 10,000 00 9,000 00
200 " Consolidated Gas Co., . . . 20,000 00 43,850 00
100 " CI., Cin., Chic. & St. Louis R'y Co., 10,000 00 9,825 00
200 " Louisville & Nashville R.R. Co., . 20,000 00 21,400 00
100 " American Telegraph & Cable Co., . 10,000 00 9,600 00
330 " N. Y. Central & Hudson Riv. R.R., 33,000 00 55,275 00
10 " Mer. Nat'l Bank, Poughkeepsie, . 1,000 00 1,500 00
5 " Fallkill Nat'l Bank, Poughkeepsie, 500 00 750 00
8389,000 00 3468,375 00
Securities held as collateral for cash loans : —
Market Value. Loaned Thereon.
10 shares Far. & Manuf rs' N'l B'k, (Pough), $1,750 00 $1,000 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued,
Prem's more than three mos. due, §1,344 20
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
820,950 00
44,200 00
365 89
468,375 00
1,000 00
3,462 14
56,196 67
1,972 46
51,657 13
570 00
$7,857 43
33,192 73
500 00
$41,550 16
994 37
),555 79
306,800 48
10,116 69
$648,749 29
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$54,lo0 00
49,500 00
37,S50 00
DUTCHESS INSURANCE CO.
187
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital,
Income
Fire premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Profit and loss,
$11,800 07
48 45
Gross cash income,
Expenditures.
Cash paid for fire losses, $214,999 19
Deduct salvage and reinsurance, . . . 8,523 27
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for profit and loss account,
for incidentals, .
Gross cash expenditures, .
Risks and Premiums.
f29,927 05
43 17
$29,883 88
463,683 68
$493,567 56
53,001 33
$440,566 23
63,080 36
sources,
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$47,197,151 00
41,817,962 00
$89,015,113 00
30,241,541 00
$58,773,572 00
1,835,933 00
$369,321 48
$279,427 81
200,000 00
$79,427 81
$377,485 87
3,245 86
16,34* 53
1,214 00
967 76
$399,262 02
$206,475 92
12,000 00
94,694 99
17,818 71
5,544 18
199 51
16,196 43
$352,929 74
Premiums.
$472,755 75
463,683 68
$936,439 43
328,824 65
$607,614 78
21,128 07
$56,937,639 00 $586,4m'» 71
188
EMPIRE CITY FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, .
$5,449,038 00
3,638,599 00
226,228 00
12,000 00
12,000 00
74,100 00
"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated October, 1850. Commenced business October 5, 1850.]
Paid-up Capital, $200,000.
LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $200,000 00
Now York city bonds, 40,000 00
Lake Shore & Michigan Southern R'y bonds, . 10,000 00
American Exchange National Bank stock, . 5,000 00
Underwriters' Salvage Co. stock, . . . 500 00
Market Value.
$218,000 00
40,400 00
10,850 00
14,500 00
$255,500 00 £283,750 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
85,500 00
137 50
283,750 00
350 92
27,827 05
375 12
3,105 00
$321,045 59
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, $27,203 32
? 19,449 00
71,999 66
"2,393 61
93,842 27
$227,203 32
200,000 00
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
85,000 00
10,000 00
5,000 00
EMPIRE CITY FIRE INSURANCE CO.
189
Income.
Fire premiums outstanding Dec. 31, 1900, . $2,474 21
Premiums on risks written or renewed, . . 209,503 64
Total, $211,977 85
Premiums now in course of collection, . . 3,105 00
Entire premiums collected, .... $208,872 85
Less reinsurance and return premiums, . . 46,964 18
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$161,908 67
275 00
7,858 40
$170,042 07
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$102,124 45
59,305 50
10,970 00
1,753 58
7,320 07
$181,473 60
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $15,626,894 00 $167,436 95
Fire risks written during 1901, . . . 18,505,958 00 209,503 64
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $34,132,852 00 $376,940 59
. 17,367,822 00 180,925 66
. $16,765,030 00 $196,014 93
. 4,533,402 00 52,015 61
. $12,231,628 00 $143,999 32
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, .
$4,007,897 00
1,883,873 00
104,854 00
927,000 00
71.300 00
190
ENTERPRISE MUTUAL FIRE INSURANCE CO.
"ENTERPRISE MUTUAL FIRE INSURANCE COMPANY.
PROVIDENCE, R. I.
[Incorporated June 2, 1874. Commenced business July 14, 1874.]
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary.
Detailed Statement of Stocks,
Rhode Island State bonds,
Providence city bonds, ....
Boston city bonds,
117 shares Providence & Worcester R.R.,
127
63
130 '
100 ■
40 '
100 '
Old Colony R.R
N. Y., N. H. & Hartford R.R.,
Morris & Essex R.R.,
Cleveland & Pittsburgh R.R.,
Illinois Central R.R.,
Chicago, Great Western R.R.,
Town of Barrington notes,
Bonds, etc.
Par Value.
£48,000 00
15,000 00
20,000 00
11,700 00
12,700 00
6,300 00
6,500 00
5,000 00
4,000 00
10,000 00
6,000 00
Market Va.ue.
848,480 00
17,175 00
21,200 00
35,100 00
26,543 00
13,293 00
12,675 00
9,700 00
4,220 00
9,100 00
6,000 00
8145,200 00 8203,486 00
Summary of Assets Dec. 31, 1901.
Stocks, bonds, etc., as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State taxes,
Gross liabilities, ....
Net cash assets,
§203,486 00
17,057 69
2,070 75
4,088 32
$109 00
83,060 41
2,575 60
$226,702 76
85,745 01
$140,957 75
Income.
Premiums outstanding Dec. 31, 1900, . . f 1,837 8S
Premiums on risks written or renewed, . . 175,353 52
Total, 8177,191 40
Premiums now in course of collection, . . 4,088 32
Entire premiums collected, .... §173,103 08
Less reinsurance and return premiums, . . 8,008 71
Net cash premiums received, ....
Interest and dividends received from all sources, .
8165,094 37
7,931 59
Gross cash income, $173,025 96
EQUITABLE FIRE AND MARINE INSURANCE CO.
191
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1900, $19,893,778 00 $161,760 21
Risks written during 1901, . 21,720,849 00 175,058 02
Total, f41,614,627 00 $336,818 23
Risks terminated during 1901, 21,338,368 00 170,697 41
$21,493 94
142,252 18
4,386 87
3,714 56
3,988 52
$175,836 07
Conting't Prem's.
$808,801 05
875,290 10
$1,684,091 15
853,487 05
In force at end of year,
,276,259 00 $166,120 82 $830,604 10
Miscellaneous.
Losses incurred during the } T ear, ....
Profits or surplus returned during 1901, 87.75 per cent.
$21,603 00
"EQUITABLE FIRE AND MARINE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1859. Commenced business September, I860.]
Paid-up Capital, $400,000.
FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary.
Detailed Statement of Stocks and Bonds.
I'ar Value. Market Value.
City of Boston bonds, $25,000 00 $28,000 00
Milwaukee City R.R, Co. bonds, . . . 5,000 00 5,370 00
N. Y. Central & Hudson River R R. bonds, . 12,000 00 11,520 00
Lehigh Valley Terminal Co. bonds, . . . 10,000 00 11,975 00
Chicago, Burlington & Quincy R.R. bonds, . 3,000 00 3,105 00
Bridgeport Traction Co. bonds, . . . 5,000 00 5,537 50
United Traction & Electric Co. bonds, . . 5,000 00 5,782 00
Lynn & Boston R R. Co. bonds, . . . 5,000 00 5,707 50
Columbus, Ohio, Street R.R. Co. bonds, . . 5,000 00 5,600 00
Milwaukee Electric R'y & Light Co. bonds, . 20,000 00 22,516 00
Pawtucket Electric Co. bonds, . . . . 10.000 00 10,H41 00
Western Gas Co. bonds, 10,000 00 10,858 00
Metrop'tan Water Works Co., Kan. City, b'ds, 7,000 00 4,060 00
Rhode Island & Suburban R 1 y Co. bonds, . 10,000 00 9,700 00
Grand Rapids Gas Light Co. bonds, . . 5,000 00 5,354 00
State of Massachusetts bonds, .... 66,000 00 65,505 00
Cincinnati Edison Electric Co. bonds, . . 5,000 00 5,270 00
192
EQUITABLE FIRE AND MARINE INSURANCE CO.
Detroit Electric Railway Co. bonds,
North Chicago Street R.R. Co. bonds,
Nor. Pac. Gt. Nor. R.R. Co , C, B. & Q. bonds
500 shares Old National Bank, Providence,
290 '* Nat'l Bank of Commerce, Prov.,
200 " American National Bank, Prov.,
100 " Fourth National Bank, Providence
100 " First National Bank, Warren,
500 " Providence Gas Co., Providence,
230 " N. Y. Cent. & Hudson R. R.R. Co.
264 " Illinois Central R.R. Co.,
132 " Chicago, Rock Isl. & Pac. R.R. Co.
50 " Rhode Island & Mass. R.R. Co.,
100 " Chicago Great Western R.R. Co.,
50 " Wells, Fargo & Co. Express, .
Par Value.
|5,000 00
5,000 00
30,000 00
50,000 00
14,500 00
10,000 00
10,000 00
10,000 00
25,000 00
23,000 00
26,400 00
13,200 00
5,000 00
10,000 00
5,U00 00
Market Value.
15
5,331 00
29,625 00
48,000 00
15,080 00
9,600 00
11,800 CO
8,700 00
49,250 00
38,755 00
36,762 00
20,328 00
5,100 00
9,600 00
9,950 00
'.',100 00 3520,027 00
Securities held as collateral for cash loans : —
Rhode Island & Suburban R'y bonds,
100 shares United Traction & Electric Co.,
500 " Nat'l Bank of North America,
Market Value. Loaned Thereon.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, f 1,095 54
Gross assets,f
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Bills payable,
State and local taxes, ....
§48,500 00 >
11,000 00 S
',000 00
23,500 00
20,000 00
$83,000 00
870,000 00
D. 31, 1901.
. §124,000 00
134,550 00
520,027 00
70,000 00
190 83
44,938 09
101,792 27
1,145 00
i
T
$996,643 19
88,574 00
41,181 00
5,951 00
403,947 12
1,500 00
3,024 56
2,500 00
* Value of lands mortgaged $153,850 00
Value of buildings thereon, 251,400 00
Amount of insurance held as collateral, .... - 20S,750 00
t Including $70,000 special reserve held under Rhode Island laws.
EQUITABLE FIRE AND MARINE INSURANCE CO.
193
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
(10,065 31
3,000 00
3,036 58
$482,779 57
$513,863 62
400,000 00
$113,863 62
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
t,970 57
674,611 78
$759,582 35
99,030 78
$660,551 57
108,152 23
$1,858 54
18,595 05
$20,453 59
2,761 49
$17,692 10
948 00
sources,
$552,399 34
16,744 10
7,111 18
21,588 08
5,747 83
$603,590 53
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$344,300 17
30,066 46
$5,715 14
127 84
$314,233 71
5,587 30
28,000 00
123,238 88
39,380 64
20,070 69
36,790 72
$567,301 94
194
THE FARMERS' FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $59,442,953 00
. 56,414,107 00
$115,857,060 00
. 46,568,726 00
. $69,288,334 00
. 3,040,495 00
Premiums.
$659,902 55
674,611 78
$1,334,514 S3
542,749 58
$791,764 75
33,168 61
.$66,247,839 00 $758,596 14
$106,693 00
1,174,218 00
$1,280,911 00
1,127,200 00
$153,711 00
3,000 00
$5,864 78
18,595 05
$24,459 83
13,823 07
$10,636 76
75 00
$150,711 00 $10,561 76
Miscellaneous.
Premiums received from organization of company, . . $7,556,592 00
Losses paid from organization of company, .... 4,640,955 00
Fire losses incurred during the year, 323,980 00
Marine and inland losses incurred during the year, . . 9,812 00
Cash dividends declared from organization of company, . 697,500 00
Dividends declared during the year (7 per cent ), . . . 28,000 00
Company's stock owned by directors, 84,000 00
« THE FARMERS' FIRE INSURANCE COMPANY," YORK, PA.
[Incorporated April 6, 1S53. Commenced business May 16, 1853.]
WM. H. MILLER, President. E. K. McCONKEY, Secretanj.
Detailed Statement of Stocks
N. C. Railway bonds,
Pennsylvania R.R. bonds, . .
Philadelphia & Erie R R. bond
Shamokin, Sunbury & Lewisbi
Lehigh Valley R.R. bonds,
Potomac Valley R R. bonds,
Lehigh Valley Coal bonds,
Spring Garden school bonds,
Central Market House bonds,
York Felt Paper Co. bonds,
United States bonds,
re: R.R- bonds
and Bonds.
Par Value.
|8,000 00
20,000 00
15,000 00
10,000 00
25,000 00
10,000 00
10,000 00
11,500 00
10,000 00
5,000 00
30,000 00
Market Value.
89,040 00
24,400 00
18,150 00
10,600 00
26,500 00
11,500 00
11,000 00
11,500 00
10,000 00
5,000 00
33,600 00
THE FARMERS' FIRE INSURANCE CO.
195
12 shares Farmers' Nat'l Bank, York, Pa ,
50 " York Co. Nat'l Bank, York, Pa.,
90 " First National Bank, York, Pa.,
615 " York National Bank, York, Pa.,
300 " Pennsylvania R.R. Co.,
4,382 " York Water Co., .
160 " York Gas Co. bonds, .
Securities held as collateral for cash loans :
131 shares First Nat'l Bank (York, Pa.),
Ill " York Water Co., .
20 " York Trust Co.,
286 " York National Bank,
5 " Columbia National Bank,
Cornwall & Lebanon R.R. bonds, .
Real estate mortgage,
Par Value.
$ 1,200 00
1,000 00
9,000 00
15,375 00
15,000 00
109,550 00
8,000 00
Market Value.
$2,124 00
2,150 00
18,720 00
27,060 00
22,500 00
162,134 00
10,080 00
$313,625 00 $416,058 00
Market Value.
$27,248 00
4,329 00
1,000 00
12,584 00
2,500 00
22,643 00
Loaned Thereon.
$18,000 00
2,100 00
500 00
9,400 00
1,348 00
7,800 00
$70,304 00 $39,148 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $8,912 70
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
$43,200 00
173,743 00
5,620 01
416,058 00
39,148 00
3,868 69
39,923 35
835 55
54,864 35
117 83
$777,378 78
$14,678 99
31,442 00
5,100 00
$51,220 99
1,934 00
$49,286 99
375,312 74
3,749 69
77 93
3,500 00
* Value of lands mortgaged, $244,890 00
Value of buildings thereon 275,885 00
Amount of insurance held as collateral, .... 79,596 00
196
THE FARMERS FIRE INSURANCE CO.
Commissions and brokerage,
Reinsurance disallowed, .
Gross liabilities, .
* 10,728 70
3,715 64
6446,371 69
Surplus, 6331,007 09
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
662,146 14
11,983 82
$50,162 32
481,517 97
8531,680 29
63,777 05
6467,903 24
83,235 59
sources, .
Gross cash income,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
Risks and Premiums.
§384,667 65
8,814 15
16,982 20
1,036 00
6411,500 00
8262,086 80
9,943 41
$65 00
8252,143 39
94,729 68
31,879 92
10,487 41
30,603 03
8419,843 43
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (notincl'd above),
Premiums.
. 863,553,202 00 6756,784 28
. 39,667,550 00 481,517 97
£103,220,752 00 81,238,302 25
. 39,553,786 00 475,568 95
. 863,666,966 00 8762,733 30
. 1,888,249 00 21,578 25
.861,778,717 00 8741,155 05
. $130,125 00 $3,947 04
FIRE ASSOCIATION OF PHILADELPHIA.
197
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
. $9,783,148 00
. 6,718,561 00
272,826 00
"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.]
Paid-up Capital, $500,000.
E. C. IRVIN, President. BENJAMIN T. HERKNESS, Secretary.
Detailed Statement of Stocks, Bonds, etc.
* Par Value. Market Value.
City of Camden bonds $1,500 00 $1,620 00
City of Richmond certificates, .... 25,000 00 29,000 00
City of Tacoma water and light bonds, . . 40,000 00 41,700 00
City of Richmond certificates, .... 65,600 00 75,276 00
City of Portland, Ore., new city hall bonds, . 15,000 00 18,000 00
City of Petersburg, Va., bonds, . . . 50,000 00 62,000 00
Atlantic City, N. J., city water works bonds, . 25,000 00 31,000 00
City of Duluth water and light bonds, . . 100,000 00 117,000 00
City of Birmingham, Ala., bonds, . . . 50,000 00 56,300 00
State of Georgia bonds, 25,000 00 28,250 00
Lehigh Valley R.R. bonds, .... 100,000 00 124,000 00
Belt Railroad & Stock Yards bonds, . . 50,000 00 58,750 00
Louisville & Nashville R.R. bonds, . . . 66,000 00 78,375 00
Texas & Pacific R.R. bonds, .... 11,000 00 11,330 00
Camden & Atlantic R.R. bonds, . . . 30,000 00 33,450 00
Pennsylvania R.R. bonds, .... 31,000 00 33,945 00
Cincinnati, Hamilton & Dayton R.R. bonds, . 20,000 00 22,200 00
Cincinnati, Dayton & Ironton R.R. bonds, . 25,000 00 27,750 00
Chicago, Rock Island & Pacific R.R. bonds, . 25,000 00 26,875 00
Northern Pacific R.R. bonds, .... 34,000 00 35,870 00
Reading Co. bonds, 50,000 00 50,437 50
Ohio River R.R. bonSs, 25,000 00 28,000 00
Lynn & Boston R.R. bonds, .... 50,000 00 57,250 00
Lehigh Valley Coal Co. bonds, . . . 15,000 00 16,593 75
Port of Portland, Ore., bonds, .... 39,000 00 46,800 00
Lehigh Coal & Navigation Co. bonds, . . 100,000 00 126,000 00
Evansville & Terre Haute R.R. Co. bonds, . 50,000 00 54,000 00
Newark Passenger Railway Co. bonds, . . 22,000 00 26,180 00
Lehigh Valley R.R. Co. bonds, . . . 75,000 00 81,937 50
Terminal Railroad Asso., St. Louis bonds, . 75,000 00 87,000 00
Philadelphia City Passenger R'y Co. bonds, . 50,000 00 54,500 00
Cleveland Electric R.R. Co. bonds, . . . 30,000 00 32,700 00
Lehigh Coal & Navigation Co. bonds, . . 50,000 00 51,250 00
198
FIRE ASSOCIATION OF PHILADELPHIA.
Toledo Electric Street Railway bonds, .
Central of Georgia Railway Co. bonds, .
United Traction Co. of Pittsburgh bonds,
Colorado Springs Electric Co. bonds,
Fairmount Park Transportation Co. bonds,
Erie R.R. Co. bonds,
Edison Electric Light Co. certificates,
Chicago Edison Co. bonds,
Minneapolis Street Railway Co. bonds, .
Trenton Street Railway Co. bonds, .
Seaboard & Roanoke R.R. Co. bonds,
Wilmington & Chester Traction Co. bonds,
Cleveland, Lorain & Wheeling R.R. Co. bonds
Trenton Gas & Electric Co. bonds, .
Harrisburg Light, Heat & Power Co 4 bonds,
The People's R.R. -Co. of Syracuse bonds,
Western Gas Co. bonds, ....
Fort Pitt Traction Co. bonds, .
Chicago Suburban Water & Light Co. bonds,
West Chester Lighting Co. bonds, .
Wheeling Traction Co. bonds, .
Connecticut R'y & Lighting Co. bonds, .
Elmira Water, Light & R.R. Co. bonds, .
Brooklyn Union Elevated R.R. Co. bonds,
Central of Georgia R.R. Co. bonds, .
Elgin, Aurora & Southern Traction Co. bonds
Shawinigan Water & Power Co. bonds, .
Erie R.R. Co. bonds, ....
Westinghouse Electric & Manuf. Co. ctfs.,
United Railways certificates, .
Asphalt Co. of America certificates,
Philadelphia Electric certificates, .
1,000 shares Pennsylvania R.R. Co.,
331 " Phila., Ger. & Norrist'n R.R. Co
70 " Chestnut Hill Railroad Co.,.
35 " Philadelphia Bourse, .
5 " Underwriters' Salvage Co., .
500 " Philadelphia Traction Co., .
100 " United Power & Trans. Co.,
2,000' " Miami Valley Insurance Co.,
250 " Colorado Springs Electric Co.,
306 " Illinois Southern R'y Co., .
400 " United States Steel Corp'n, .
300 " Reading Co.,
62 " Elmira Water, Light & R.R. Co.,
31 " Company's own stock, $13,175
Par Value.
$30,000 00
50,000 00
50,000 00
50,000 00
50,000 00
100,000 00
13,000 00
50,000 00
50,000 00
20,000 00
50,000 00
50,000 00
50,000 00
40,000 00
25,000 00
3,000 CO
25,000 00
20,000 00
25,000 00
20,000 00
50,000 00
50,000 00
35,000 00
60,000 00
50,000 00
25,000 00
25,000 00
50,000 00
25,000 00
30,000 00
100,000 00
25,000 00
50,000 00
16,550 00
3,500 00
1,375 00
500 00
25,000 00
2,500 00
100,000 00
25,000 00
30,600 00
40,000 00
15,000 00
6,200 00
Markr-t Value.
2,660 00
53,437 50
58,500 00
50,000 00
52,125 00
100,750 00
14,560 00
53,500 00
54,500 00
21,500 00
54,750 00
53,000 00
59,750 00
42,000 00
25,750 00
3,210 00
27,000 00
23,550 00
25,250 00
20,600 00
50,500 00
50,000 00
28,500 00
60,600 00
45,750 00
23,000 00
25,000 00
45,875 00
25,875 00
26,700 00
31,500 00
25,000 00
75,125 00
55,277 00
4,550 00
475 00
500 00
48,750 00
4,600 00
1,250 00
3,750 00
5,000 00
17,550 00
12,375 00
620 00
83,032,325 00 $3,119,744 25
FIRE ASSOCIATION OF PHILADELPHIA.
199
Securities held as collateral for cash loans : —
Mortgage assigned,
259 shares Merchants' National Bank, .
75 " United N. J. R.R. & Canal Co ., .
Diamond State Steel Co. bonds,
420 shares Consolidated Lake Superior Co., .
Market Value.
§3,000 00
32,375 00-
21,000 00
7,700 00.
20,100 00
Loaned Thereon.
$ 2,850 00
50,000 00
14,000 00
$84,175 00 $66,850 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *) ,
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance $6,203,317 28
$497,100 00
1,371,570 49
30,141 99
3,119,744 25
66,850 00
28,973 76
273,329 70
28,838 48
888,240 92
2,660 86
7,166 83
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$235,316 85
175,935 64
49,064 96
,317 45
44,751 79
$415,565 66
2,594,639 36
1,906,027 47
146,348 54
214,299 56
6,157 68
$5,283,038 27
74,411 63
1,314,617 28
111,300 00
5,208,626^64
. $994,690 64
500,000 00
. $494,690 64
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$1,532,402 00
. 2,005,949 00
. 1,265,851 00
200
FIRE ASSOCIATION OF PHILADELPHIA.
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection,
|4,309,904 43
1,062,932 26
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Deposits received for perpetual fire risks,
£ 838,263 53
4,359,881 82
£5,198,145 35
888,240 92
£59,625 39
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
Risks and Premiums.
£3,246,972 17
85,972 7
157,766 84
25,752 20
$3,516,463 28
82,302,329 24
218,294 94
£98,237 45
12,084,034 30
200,000 00
798,142 19
236,440 09
95,448 29
11,510 01
144,400 91
$3,569,975 79
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Perpetual risks in force (not incl'd above),
Premiums.
£410,681,756 00 £4,793,767 96
. 340,732,328 00 4,359,881 82
8751,414,084 00 $9,153,649 78
. 311,574,332 00 3,815,637 01
$439,839,752 00 $5,338,012 77
. 29,435,690 00 376,634 00
$410,404,062 00 $4,961,378 77
£86,856,198 00£2,075,092 68
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the. year (40 per cent.),
Company's stock owned by directors, ....
£56,159,116 00
32,139,180 00
1,422,285 00
6,179,762 00
200,000 00
29,300 00
THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 201
"THE FIRE INSURANCE COMPANY OF THE COUNTY OF
PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated May 31, 1832. Commenced business April 19, 1833.]
Paid-up Capital, $400,000.
CHARLES R. PECK, President. E. A. LAW, Secretary.
Detailed Statement of Stocks,
City of Camden bonds, ....
Lehigh Valley R.R. bonds,
Delaware & Bound Brook R.R. Co. bonds,
Pennsylvania & N.. Y. Canal and R.R. bonds,
Philadelphia & Erie R.R. bonds,
Pennsylvania R.R. bonds,
Belvidere Delaware R.R. bonds,
Connecting R'y bonds,
Pennsylvania R.R. bonds,
Pennsylvania & N. W. R.R. Co. bonds,
Lehigh Valley R'y bonds,
Lehigh Valley R.R. annuity bonds, .
Northern Central R'y Co. bonds,
Philadelphia & Reading Terminal bonds,
Pitts., Cin., Chicago & St. Louis R'y Co. bonds
Catawissa R.R Co. bonds,
Wladikawkas R'y bonds, ....
Pennsylvania Co. bonds, ....
Pennsylvania Steel Co. bonds, .
Equitable Illu. Gaslight Co. of Phila. bonds,
Western Union Telegraph Co. bonds,
Phila. City Passenger R'y Co. bonds,
Newark Passenger R'y Co. bonds, .
Elec. & People's Traction Stock Trust certs.,
11 shares Elmira & Williamsport R.R., .
264
150
470
104
205
100
20
50
164
200
69
28
Phila., Germant'n &Norris. R.R.Co.
United Cos. of New Jersey, .
Pennsylvania R.R. Co., .
North Penn. R.R. Co , .
Germantown Passenger R'y Co ,
2d & 3d Sts. Passenger R'y Co.,
13th & loth Sts. Passenger R'y Co.
Frank. & South. P. C. P. R.R. Co ,
Union Trac. Co. of Philadelphia,
Philadelphia Traction Co.,
Nat'l Bank of Northern Liberties,
Bank of North America, Phila.,
Bonds, etc.
Par Value.
$1,000 00
8,000 00
24,000 00
6,000 00
10,000 00
11,000 00
1,000 00
3,000 00
6,000 00
10,000 00
25,000 00
15,000 00
10,000 00
10,000 00
20,000 00
4,000 00
15,000 00
10,000 00
15,000 00
15,000 00
15,000 00
3,000 00
5,000 00
25,000 00
550 00
13,200 00
15,000 00
23,500 00
5,200 00
10,250 00
5,000 00
1,000 00
2,500 00
2,870 00
10,000 00
3,450 00
2,800 00
Market Value.
$1,090 00
10,220 00
27,480 00
6,840 00
12,100 00
13,370 00
1,015 00
3,065 00
6,570 00
10,300 00
27,687 50
19,725 00
12,250 00
12,600 00
24,000 00
4,400 00
15,300 00
10,000 00
16,275 00
16,650 00
16,500 00
3,180 00
5,937 50
24,625 00
550 00
40,920 00
42,000 00
35,308 75
11,258 00
30,340 00
30,300 00
6,260 00
23,300 00
5,248 00
19,500 00
8,297 25
7,616 00
202 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA.
10 shares First National Bank of Phila.,
Philadelphia Securities Co. stock, .
Par Value.
$1,000 00
250 00
Market Value.
81,740 00
250 00
$363,570 00 $564,068 00
Securities held as collateral for cash loans : —
Chicago & Jefferson Urban Tran. Co. bonds, .
Ogden St. R'y Co. bonds,
Cicero & Provise St. R'y Co. bonds,
21 shares Union Passenger R'y Co.,
Market Value. Loaned Thereon.
$21,420 00)
4,080 00 > $25,000 00
5,100 00'
5,040 00 3,200 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc , as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Perpetual deposits in other companies, .
Gross assets,
$35,640 00 -S200 00
31, 1901.
$74,665 00
216,050 00
2,774 42
564,068 00
28,200 00
322 76
37,103 90
34 38
51,161 67
185 00
18 76
6,526 13
$981,110 02
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$20,659 51
9,293 00
$29,952 51
1,324 27
$28,628 24
180,787 49
227,106 10
12,790 44
5,916 83
455,229 10
. $525,880 92
400,000 00
. $125,880 92
* Value of property mortgaged, .
Amount of insurance held as collateral,
$418,350 00
171,600 00
THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA.
203
Income.
Fire premiums outstanding Dec. 31, 1900
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Deposits received for perpetual fire risks
$43,261 94
358,003 43
$401,265 37
51,161 67
$350,103 70
81,502 02
sources,
t,851 52
$268,601 68
10,733 60
25,843 04
2,137 92
369 05
Gross cash income, $307,685 29
Expenditures.
Cash paid for fire losses, $152,269 05
Deduct salvage and reinsurance, . . . 20,417 56
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks, . $ 8,1 10 16
$131,851 49
24,000 00
67,540 85
13,559 11
9,278 22
20,104 13
Gross cash expenditures, .
$266,333 80
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $28,532,079 00 $311,249 70
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
30,490,470 00 358,003 43
$59,022,549 00 $669,253 13
25,295,021 00 289,228 41
$33,727,528 00 $380,024 72
3,499,290 00 39,637 60
Net amount in force, $30,228,238 00 $340,387 12
Perpetual risks in force (not incl'd above), . $10,351,357 00 $250,764 88
204
FIREMAN S FUND INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors,
$3,510,374 00
2,219,421 00
140,523 00
780,408 00
24,000 00
133,700 00
"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO,
CAL.
[Incorporated May 3, 1S63. Commenced business June 18, 1863.]
Paid-up Capital, $1,000,000.
WM. J. DUTTOX, President. LOUIS WEINMANS', Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $125,000 00 $174,375 00
Republic of Hawaii bonds, .... 14,000 00 14,000 00
Territory of Arizona funding bonds, . . 22,000 00 24,640 00
Omnibus Cable R'y Co., San Fran., Cal., b'ds, . 125,000 00 162,500 00
Market St. R'y Co., San Francisco, Cal., bonds, 108,000 00 132,300 00
Powell St. R'y Co., San Francisco, Cal., bonds, 20,000 00 23,600 00
Sutter St. R'y Co., San Francisco, Cal., bonds, 50,000 00 56,500 00
Pres. & Ferries R.R. Co., San Fran., Cal., b'ds, 50,000 00 50,500 00
San Fran. & San Joaquin Val. R'y Co. bonds, . 46,000 00 56,350 00
San Francisco & North Pacific R'y bonds, . 19,000 00 21,850 00
North Railway of California bonds, . . 40,000 00 45,000 00
Northern California R'y Co. bonds, . . . 10,000 00 11,250 00
Southern Pacific of Arizona bonds, . . . 5,000 00 5,675 00
Los Angeles R'y Co., Los Angeles, Cal., bonds, 41,000 00 48,585 00
Sierra Railway of California bonds, . . 20,000 00 21,200 00
Southern Pacific Branch bonds, . . . 10,000 00 13,650 00
Honolulu Rapid Transit and Land Co. bonds, . 50,000 00' 50,000 00
Oahu Railway and Land Co. bonds, . . 30,000 00 31,350 00
Hilo R.R. Co., Honolulu, H. I., bonds, . . 50,000 00 50,000 00
Oakland Gas, L't & H't Co., Oakl'd, Cal., b'ds, 60,000 00 68,100 00
Stockton Gas & Elec. Co., Stockton, Cal., b'ds, 44,000 00 45,320 00
Bay Counties Power Co. bonds, . . . 20,000 00 21,700 00
Spring Valley W. W., San Francisco, bonds, . 45,000 00 50,400 00
Riverside Water Co. bonds, .... 20,000 00 18,000 00
Baker City, Ore., water bonds, . . . 17,000 00 17,680 00
Baker City, Ore., school bonds, . . . 15,000 00 15,525 00
Palo Alto, Cal., school bonds, .... 5,000 00 5,050 00
American Hawaiian S. S. Co., New York, b'ds, 15,000 00 15,750 00
FIREMAN S FUND INSURANCE CO.
205
Oceanic S. S. Co., San Francisco, Cal., bonds, ,
Sunset Telephone & Telegraph Co. bonds,
Oahu Sugar Co. of Honolulu, H. I., bonds,
San Francisco Dry Dock Co. bonds,
Natoma Vineyard Co., Cal., bonds, .
Blaine County, Idaho, bonds, .
2,986 shares Home Fire & M. Ins. Co. of Cal.,
146 " B'k of Cal., San Francisco, Cal., .
130 " First Nat'l Bank, San Fran., Cal.,
166 " Anglo-Cal. B'k, Ltd., San F., Cal.,
340 " Sather Banking Co., San Fran.
Cal. (in liquidation),
100 " Mercan. Tr. Co., San Fran., Cal.,
450 " Oakland B'k of Savings, O., Cal.,
50 " Union Nat'l Bank, Oakland, Cal.,
250 " San Francisco National Bank,
1,000 " Cal. St. Cable R.R. Co., S. F., Cal.
649 " Sutter St. R.R. Co., San F., Cal.,
550 " P. & F. R.R. Co., San Fran., Cal.
200 " Market St. R'y Co., San F., Cal., ,
550 " Oakl'd G., L't & H't Co., O., Cal.
500 " San F. Gas & E. Co., S. F., Cal.,
200 " Pac. Gas Imp. Co., San F., Cal., ,
786 " Stockton Gas & E. Co., St'k., Cal.,
600 " Spring V. W. W., San Fran., Cal.,
100 " San Jose W'ter Co., San Jose, Cal.
250 " Cal. Shipping Co., San F., Cal.,
656 " San F. Dry Dock Co., San F., Cal
656 " Mission Rock Co., San Fran., Cal
:!
Par Value.
$2,000 00
30,000 00
20,000 00
5,000 00
1,500 00
400 00
298,600 00
14,600 00
13,000 00
8,300 00
10,000 00
22,500 00
5,000 00
25,000 00
100,000 00
64,900 00
30,250 00
10,000 00
38,500 00
50,000 00
20,000 00
23,580 00
60,000 00
10,000 00
25,000 00
65,600 00
Market Value.
$2,060 00
33,000 00
20,000 00
5,500 00
1,500 00
400 00
600,000 00
61,320 00
42,250 00
13,280 00
3,910 00
11,000 00
33,750 00
8,250 00
33,750 00
150,000 00
64,900 00
19,250 00
18,000 00
28,325 00
20,500 00
8,000 00
9,432 00
51,600 00
10,500 00
25,000 00
24,600 00
$2,029,730 00 $2,550,927 00
Securities held as collateral for cash loans
390 shares B'k of Sonoma Co., Petaluma, Cal
400 " Sutter St. R'y Co., San Francisco
200 " B'k of Sonoma Co. s'k, Peta., Cal.
1,500 " S. F. & North Pacific R'y Co.,
.1,011 " Presidio & Ferries Railway Co.,
125 " Cal. B'k stock of Los Angeles,
20 " Eastern Dynamite Co., .
Southern Pacific of California bonds,
Presidio & Ferries Railway bonds, .
Olaa Sugar Co., Hawaii, bonds,
990 shares Stockton Elec. R'y, Stockton, Cal.,
400 " Cal. Safe Dep. & Tr. Co., San F.,
Loan to Merchants' Exc. of San Francisco,
Market Value.
$52,650 00
40,000 00
27,000 00
30,000 00
35,385 00
12,500 00
1,700 00
16,500 00
10,100 00
46,000 00
29,700 00
44,800 00
10,000 00
Loaned Thereon.
$34,000 00
34,000 00
15,000 00
J. 54,000 00
40,000 00
15,000 00
28,000 00
10,000 00
$356,335 00 $230,000 00
206
FIREMAN S FUND INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Reinsurance due on losses paid, etc.,
Gross assets,
Deduct special deposits in other States, .
Balance,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Bills payable and deposits,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
31, 1901.
$553,700 00
277,775 00
5,592 70
2,550,927 00
230,000 00
10,532 26
280,176 95
1,702 46
586,056 57
62,443 18
18,577 99
$4,577,484 11
135,750 00
14,441,734 11
$56,891 96
273,062 14
6,575 00
$336,529 10
124,447 34
$212,081 76
1,723,906 63
64,400 75
53,060 39
146,449 59
$2,199,899 12
79,067 14
2,120,831 98
. $2,320,902 13
. 1,000,000 00
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900, . $407,498 59
Premiums on risks written or renewed, . . 2,866,043 74
Total, $3,273,542 33
Premiums now in course of collection, . . 497,203 25
Entire premiums collected, .... $2,776,339 08
Less reinsurance and return premiums, . . 784,465 35
Net cash fire premiums received, . . .
$1,320,902 13
$1,991,873 73
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$567,000 00
149,300 00
94.S00 00
fireman's FUND INSURANCE CO.
207
Marine premiums outstanding Dec. 31, 1900, . $104,220 93
Premiums on risks written or renewed, . . 995,091 01
Total, $1,099,311 94
Premiums now in course of collection, . . 151,296 50
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents, ....
Income from all other sources,
Gross cash income, .
Expenditures
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
,015 44
583,920 55
1,195,323 05
207,447 95
$490,669 46
289,247 87
$364,094 89
18,301 72
120,043 66
25,711 61
4,926 98
2,524,952 59
$987,875 10
201,421 59
120,000 00
328,229 30
244,167 58
71,539 86
202,103 17
>,155,336 60
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,. - r •
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$251,411,689 00
. 229,763,212 00
$481,174,901 00
. 198,524,443 00
$282,650,458 00
. 35,799,511 00
Premiums.
$3,026,269 43
2,866,043 74
$5,892,313 17
2,423,229 03
$3,469,084 14
453,059 50
$246,850,947 00 $3,016,024 64
.$10,533,193 00
. 126,400,168 00
$136,933,361 00
. 126,109,220 00
.$10,824,141 00
. 5,715,255 00
$339,095 83
995,091 01
1,334,186 84
940,297 36
$393,889 48
201,889 59
. $5,108,886 00 $191,999 89
208
THE FIREMEN'S INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (12 per cent.),
Company's stock owned by directors,
£39,842,751 00
20,898,742 00
1,009,812 00
214,872 00
3,256,000 00
120,000 00
97,900 00
"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE,"
BALTIMORE, MD.
[Incorporated December, 1825. Commenced business Aug. 2, 1S26.]
Paid-dp Capital, $400,(KK).
F. E. S. WOLFE, President. HARRY L. RIALL, Secretary.
Detailed Statement of Stocks
Virginia State bonds, ....
Baltimore city bonds, ....
United R'ys & Electric Co. bonds, .
Virginia Electric R'ys & Dev. Co. bonds,
60 shares Merchants' National Bank, .
810
200
100
400
150
1,000 '
300 ■
146 '
National Mechanics' Bank, .
Far. & Merchants' Natl Bank,
People's Bank,
National Marine Bank,
Second National Bank,
Citizens' National Bank,
United Ry's & Electric Co., .
Union Terminal R'y Co.,
and Bonds.
Par Value.
$71,500 00
605,000 00
90,000 00
50,000 00
6,000 00
8,100 00
8,000 00
2,000 00
12,000 00
15,000 00
10,000 00
15,000 00
14,600 00
Market Value.
$52,150 00
681,210 00
85,500 00
45,000 00
11,700 00
25,110 00
13,800 00
1,800 00
15,600 00
29,250 00
33,000 00
4,500 00
11,680 00
$907,200 00 $1,010,300 00
Summary of Assets Dec 31, 1901.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Com. due on return preni's and reinsurance,
Gross assets,
Deduct special deposits in other States, .
Balance,
$145,000 00
1,010,300 00
6,487 13
96,027 95
17,424 07
48,128 60
298 68
1,091 69
$1,324,75812
50,000 00
$1,274,758 12
THE FIREMEN S INSURANCE CO.
209
Liabilities.
Losses adjusted, unpaid, .
Losses claimed, and reported, .
Unearned premiums on outstanding risks
Dividends to stockholders, unpaid, .
Due for borrowed money,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$4,243 21
35,681 50
366,295 52
962 16
30,000 00
10,658 16
4,366 77
25,811 08
$478,018 40
$796,739 72
. 400,000 00
Surplus over capital, $396,739 72
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . . —
Interest and dividends received from all sources,
Income from rents,
$60,301 35
863,756 74
$924,058 09
48,128 60
$875,929 49
309,105 47
$566,824 02
42,479 97
8,107 49
Gross cash income, $617,411 48
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
Loss on sale or depreciation of assets,
Cash paid for incidentals, ....
$401,833 62
106,069 04
$295,764 58
71,876 40
115,820 63
19,287 50
34,458 22
1,772 09
36,615 21
Gross cash expenditures, .
. $575,594 63
210
FIREMEN S INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$101,751,511 00
. 95,995,986 00
Premiums.
$839,391 35
863,756 74
$197,747,497 00 $ 1,703,148 09
. 84,532,040 00 741,319 91
$113,215,457 00
. 16,980,488 00
§961,828 18
180,077 50
.$96,234,969 00 $781,750 68
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (18 per cent.),
Company's stock owned by directors, .
$9,706,036 00
5,003,040 00
303,826 00
3,573,534 00
72,000 00
83,780
"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J./ 1
NEWARK, N. J.
[Incorporated Dec. 3, 1S55. Commenced business Dec. 3, 1355.]
Paid-up Capital, $1,000,000.
.DANIEL H. DUNHAM, President. A. II. HASSINGER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Morris & Essex R.R. bonds, .... $50,000 00 $67,000 00
Montclair Gas & Water Co. bonds, . . . 5,000 00 5,000 00
North Hudson County R'y Co. bonds, . . 45,000 00 51,600 00
Newark Gas Co. bonds, 50,000 00 69,000 00
Lehigh Valley Terminal R'y bonds, . . 25,000 00 29,500 00
Newark Passenger R'y Co. bonds, . . . 20,000 00 23,200 00
Atlantic City, N. J., water bonds, . . . 22,000 00 24,200 00
Passaic Water Co. bonds, 20,000 00 21,200 00
Consolidated Traction Co. bonds, . . . 100,000 00 109,000 00
Consumers' Heat, Light & Power Co. bonds, . 10,000 00 10,000 00
€entral R.R. of New Jersey bonds, . . . 25,000 00 32,500 00
United Electric Co. (N. J.) bonds, . . . 80,000 00 55,200 00
Newark Consolidated Gas Co. bonds, . . 25,000 00 26,250 00
N. Y., Lake Erie & West. Dock & Imp. bonds, 20,000 00 23,600 00
United N. J. R.R. & Canal Co. stock, . . 13,900 00 38,225 00
Delaware, Lack. & Western R.R. stock, . . 60,000 00 135,000 00
Morris & Essex R.R. stock, . . . . • 70,000 00 133,000 00
Newark City National Bank stock, . . . 20,000 00 40,000 00
National Newark Banking Co. stock, . . 20,000 00 45,000 00
firemen's INSURANCE CO.
211
National State Bank stock,
Essex County National Bank stock,
German National Bank stock, .
Manufacturers 1 National Bank stock,
Newark & Rosendale Lime & Cem. Co. stock
Merchants' National Bank stock,
N. Y. & N. J. Telephone stock,
Rapid Transit R'y Co. stock, ...
Western Adjustment & Inspection Co. stock,
Summary op Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $554 80
Gross assets,
Par Value.
$32,500 00
20,000 00
10,000 00
10,000 00
4,000 00
8,000 00
25,000 00
15,000 00
300 00
Market Value.
$63,375 00
110,000 00
30,000 00
17,000 00
1,200 00
20,000 00
41,250 00
36,750 00
375 00
$805,700 00 $1,258,425 00
31, 1901.
$132,378 60
1,268,091 03
17,287 58
1,258,425 00
1,449 33
8,577 05
9,791 25
103,870 84
103 00
71 36
$2,800,045 04
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$62,091 47
2,212 00
$64,303 47
3,819 71
),483 76
502,224 31
1,887 00
494 22
21,724 89
19,442 40
1 20
606,257 78
52,193,787 26
1,000,000 00
. $1,193,787 26
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$1,134,064 00
1,957,000 00
1,629,150 00
212
FIREMEN'S INSURA^XE CO.
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
$84,917 47
175 79
$84,741 68
722,865 25
$807,606 93
104,425 64
$703,181 29
112,753 86
sources, .
6590,427 43
62,920 83
51,843 39
11,672 73
6716,864 38
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for redemption of scrip,
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals, ....
Gross cash expenditures, ....
$325,211 78
22,631 78
8302,580 00
100,000 00
9 00
3 33
142,487 92
34,417 00
25,249 24
883 46
33,790 47
6639,420 42
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . $94,283,699 00 8831,211 80
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
68,450,775 00 722,865 25
8162,734,474 00 81,554,077 05
48,633,295 00 548,207 65
8114,101,179 00 81,005,869 40
6,083,934 00 51,530 03
Net amount in force, .
$108,017,245 00 8954,339 37
firemen's mutual INSURANCE CO,
213
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
$9,583,436 00
4,608,433 00
326,403 00
2,070,500 00
100,000 00
313,150 00
"FIREMEN'S MUTUAL INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1854. Commenced business September, 1854.]
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary.
Detailed Statement of Stocks
United States bonds,
Rhode Island State bonds,
Columbus Street R'y Co. bonds,
Chicago, Burl & Quincy R.R. bonds,
Northern Pacific-Great Northern R'y bonds,
100 shares Hereford R'y Co., .
100 ■
200 '
200 '
200
200
586
200
300
200 '
100
200
300 '
100
460 '
600
260
280
200
100
100
231
100
Detroit, Hillsdale & So. West'n R.R.
Pitts., Bessemer & L. Erie R.R.,
Cleveland & Pittsburg R'y Co.,
West End Street R'y Co.,
Rensselaer & Saratoga R.R., .
Pennsylvania R.R., .
Morris & Essex R.R.,
Rome,Watert'n &OgdensburgR.R.
Chic. & Northwestern R.R., .
Old Colony R.R., .
N. Y., Lackawanna & Western R R.
Illinois Central R.R.,
Pitts., Ft. Wayne & Chic. R.R.,
N. Y. Cent. & Hud. River R.R.,
Merchants' National Bank,
First National Bank,
American National Bank,
National Bank of Commerce,
Old National Bank, .
Blackstone Canal National Bank,
Providence Gas Co.,
The Gold & Stock Telegraph Co.,
and Bonds.
Par Value.
$120,000 00
100,000 00
20,000 00
4,000 00
55,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
20,000 00
29,300 00
10,000 00
30,000 00
20,000 00
10,000 00
20,000 00
30,000 00
10,000 00
46,000 00
30,000 00
26,000 00
14,000 00
10,000 00
10,000 00
2,500 00
11,550 00
10,000 00
Market Value.
$ 143,600 00
110,000 00
22,400 00
4,120 00
52,800 00
10,000 00
10,900 00
7,400 00
19,200 00
18,800 00
42,000 00
43,950 00
19,400 00
41,700 00
40,600 00
21,000 00
27,200 00
41,700 00
19,000 00
76,820 00
43,800 00
31,200 00
13,160 00
10,400 00
9,400 00
2,800 00
21,945 00
12,400 00
$688,350 00 $917,695 00
214
FIREMEN S MUTUAL INSURANCE CO.
Summary of Assets Dec. 81, 1901.
Stocks and bonds, as per schedule, . . . $917,695 00
Cash deposited in bank, 136,803 33
Interest due and accrued, 7,313 78
Premiums in course of collection (gross), . 7,436 12
Gross assets,
fl,069,248 23
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
State and local taxes, ....
Miscellaneous,
Gross liabilities, ....
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources,
83,080 54
323,634 84
9,315 46
1,387 34
$5,487 08
676,603 10
f682,090 18
7,436 12
$674,654 06
20,043 42
337,418 18
$731,830 05
$654,610 64
35,143 19
Gross cash income, $689,753 83
Expenditures.
Cash paid for losses, ....
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspections,
for incidentals, .
Gross cash expenditures, .
$18,388 42
546,078 87
12,431 12
15,075 45
850 00
10,087 56
953 58
$603,865 00
Risks and Premiums.
Amount. Cash Prem"s. Conting't Prem"s.
Risks outstanding Dec. 31, 1900, $77,596,409 00 $600,705 81 §3,003,529 05
Risks written during 1901, . 86,969,165 00 676,603 10 3,383,015 50
Total, . . . $164,565,574 00 $1,277,308 91 86,386,544 55
Risks terminated during 1901, . 81,578,237 00 630,039 23 3,150,196 15
In force at end of year,
. $82,987,337 00 $647,269 68 83,236,348 40
FRANKLIN FIRE INSURANCE CO,
215
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 90 per cent.
$21,469 00
"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 22, 1829. Commenced business June 22, 1829.]
Paid-up Capital, $400,000.
JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Pittsburgh, Chartiers & Yough. R.R. bonds, . $53,000 00 $54,060 00
Shamokin, Sunbury & Lewisburg R.R. bonds, 10,000 00 10,600 00
Huntingdon & Broad Top R.R. bonds, . . 20,000 00 21,200 00
Lehigh Valley R.R. bonds, .... 230,000 00 246,500 00
Penn. & New York Canal & R.R. bonds, . . 13,000 00 13,750 00
Philadelphia & Erie R.R. bonds, . . . 35,000 00 38,150 00
Philadelphia, Wilmington & Bait. R.R. bonds, 50,000 00 54,000 00
Belvidere Delaware R.R. bonds, . . . 21,000 00 23,310 00
Chicago & Western Indiana R.R. bonds, . . 3,000 00 3,270 00
Pennsylvania R.R. collateral trust loan, . . 30,000 00 33,000 00
Easton & Araboy R.R. bonds, .... 25,000 00 28,750 00
Elmira & Williamsport R.R. Co. bonds, . . 10,000 00 10,700 00
West Jersey R.R. bonds, 25,000 00 30,000 00
New York Central R.R. bonds, . . . 25,000 00 25,500 00
Harrisb., Ports., Mt. Joy & Lane. R.R. bonds, . 25,000 00 26,750 00
Northern Central R.R. bonds, .... 15,000 00 18,750 00
Steubenville & Indiana R.R. Co. bonds, . . 60,000 00 68,400 00
Camden & Atlantic R.R. bonds, . . . 15,000 00 17,250 00
Northern Central R.R. bonds, .... 14,000 00 15,760 00
River Front R.R. bonds, 16,000 00 16,800 00
Camden & Atlantic R.R. Co. bonds, . . 11,000 00 11,880 00
Philadelphia & Reading R.R. Co. bonds, . . 75,000 00 81,750 00
Northern Central R'y bonds, .... 14,000 00 15,260 00
Philadelphia & Baltimore Central R.R. bonds, 1,000 00 1,050 00
Jacksonville Southeastern R'y bonds, . . 4,000 00 3,200 00
Jacksonville & St. Louis R.R. bonds, . . 15,400 00 2,227 50
Wilmington & Weldon R.R. bonds, . . . 50,000 00 61,000 00
West Jersey & Seashore R.R. bonds, . . 25,000 00 28,750 00
Pittsburgh, Chartiers & Yough. R.R. bonds, . 50,000 00 50,000 00
Chic, Rock Island & Pacific R.R. bonds, . . 70,000 00 74,900 00
Lehigh & Hudson River R'y Co. bonds, . . 25,000 00 25,750 00
Erie & Pittsburgh R.R. Co. bonds, . . . 50,000 00 52,000 00
West Jersey & Seashore R.R. bonds, . . 100,000 00 104,000 00
216
FRANKLIN FIRE INSURANCE CO.
Louisville & Nashville R.R. bonds, .
New York, Phil. & Norfolk R.R. bonds, .
Pitts., Cin., Chicago & St. Louis R.R. bonds,
Erie R.R. Equipt. trust bonds, .
Rio Grande Western R.R. bonds,
Southern R'y Co. car trust bonds, .
Wilmington & Northern R.R. bonds,
Reading Co. R.R. & Marine Equipt. tr. bonds
Baltimore & Ohio R.R. bonds, .
Pennsylvania Co. collat. trust bonds,
Erie R.R. car trust bonds,
United R'ys Co. of St. Louis, Mo., bonds,
Lehigh Coal & Navigation Co. bonds,
Lehigh Valley Coal Co. bonds,
Susquehanna Coal Co. bonds, .
Philadelphia & Read. Coal & Iron Co. bonds,
Delaware River Ferry Co. bonds,
Girard Point Storage Co. bonds,
Philadelphia Traction Co. bonds,
Newport & Cincinnati Bridge Co. bonds,
Edison Electric Light Co. gold trust c'tificates,
Inf. Battalion, State Fencibles, N. G., Pa., b'ds,
United Traction Co., of Pittsburgh, Pa., bonds,
Federal St. & Pleasant Val. Pass. R'y Co. b'ds,
Elec. & People's Traction Co. trust certificates,
Philadelphia Electric gold trust certificates,
Philadelphia Co., Pittsburgh, Pa., bonds,
Erie Telegraph & Telephone Co. bonds,
City of Springfield, 111., bonds,
City of Sandusky, O., bonds, .
City of Camden, N. J., bonds, .
City of Quincy, 111., bonds,
Borough of Sewickly, Pa., bonds,
City of Dayton, O., bonds,
City of Columbus, O., bonds, .
Borough of Downingtown, Pa., bonds,
City of Camden, N. J., bonds, .
City of Lancaster, Pa., bonds, .
County of Gloucester, N. J., bonds, .
County of Cameron, Pa., bonds,
Monongahela City, Pa., bonds,
26 shares Girard National Bank, .
50 " First National Bank,
100 " Southwark National Bank,
25 " Penn. Co. for Insur. on Lives, etc.,
500 " Min'hill & Schuylkill Hav. R.R. Co.,
300 " Philadelphia Traction Co.,
50 " Continental Hotel Co., .
Par Value.
|50 v 000 00
50,000 00
50,000 00
50,000 00
25,000 00
20,000 00
60,000 00
50,000 00
25,000 00
50,000 00
25,000 00
25,000 00
60,000 00
20,000 00
15,000 00
25,000 00
7,000 00
20,000 00
35,000 00
25,000 00
30,000 00
2,000 00
30,000 00
10,000 00
25,000 00
25,000 00
5,000 00
20,000 00
2,000 00
35,000 00
40,000 00
19,000 00
21,000 00
25,000 00
25,000 00
9,000 00
5,000 00
4,000 00
37,000 00
20,000 00
59,000 00
2,600 00
5,000 00
5,000 00
2,500 00
25,000 00
15,000 00
5,000 00
Market Value.
|50,000 00
52,000 00
49,500 00
51,000 00
24,250 00
20,000 00
60,000 00
51,500 00
24,250 00
49,000 00
25,500 00
22,500 00
62,100 00
21,800 00
17,400 00
26,000 00
7,560 00
20,400 00
36,750 00
28,250 00
33,900 00
2,000 00
35,100 CO
11,500 00
24,500 00
25,000 00
5,650 GO
20,000 00
2,160 00
40,950 00
40,9o0 00
19,950 00
22,370 00
29,750 00
25,500 00
9,720 00
5,250 00
4,120 00
38,390 00
21,600 00
60,180 00
5,460 00
9,250 00
6,500 00
13,750 00
32,000 00
29,400 00
7,250 00
§2,380,500 00 82,550,127 50
FRANKLIN FIRE INSURANCE CO.
217
Securities held as collateral for cash loans : —
Market Value.
200 shares United Steel Corporation, . . $8,500 00
600 " Erie R.R. Co 25,200 00
200 " Reading Co., 5,700 00
200 " Choctaw, Oklahoma & Gulf R.R., . 10,600 00
300 " Reading Co., 9,600 00
300 " United Steel Corporation, . . 12,750 00.
5 " 13th & 15th Sts. Passenger R'y Co., 1,565 00
Loaned Thereon.
$30,000 00
25,000 00
500 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash tire premiums received,
$73,915 00 $55,500 00
31, 1901.
$228,000 00
118,398 00
1,775 97
2,550,127 50
55,500 00
3,455 95
57,305 40
54 99
91,812 80
$3,106,430 61
$16,186 39
33,343 99
2,635 30
$52,165 68
• 2,415 29
$49,750 39
543,025 48
1,015,985 34
19,429 08
- 1,628,190 29
. $1,478,240 32
400,000 00
. $1,078,240 32
$71,594 79
740,171 89
$811,766 68
91,812 80
$719,953 88
146,403 71
$573,550 17
* Value of property mortgaged $495,245 00
218
FRANKLIN FIRE INSURANCE CO.
Interest received on mortgages, f 7,933 59
Interest and dividends received from all other sources, . . 109,447 75
Income from rents, 6,304 51
Income from all other sources, 1,300 82
Deposits received for perpetual fire risks, . $5,262 06
Gross cash income, $698,536 84
Expenditures.
Cash paid for fire losses, £353,036 87
Deduct salvage and reinsurance, . . . 22,135 02
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate, .
for incidentals, ....
Deposits returned on perpetual fire risks, . $41,305 61
$330,901 85
80,140 00
130,032 71
35,775 00
24,445 19
2,561 35
76,074 91
Gross cash expenditures, .
. $679,931 01
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $93,191,031 00 $994,177 27
Fire risks written during 1901, . . . 61,944,343 00 740.171 89
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$155,135,374 00 $1,734,349 16
. 57,262,699 00 665,077 53
. $97,872,675 00 $1,069,271 63
. 5,217,157 00 58,860 74
.£92,655,518 00 $1,010,410 89
Perpetual risks in force (not incl'd above), . $51,195,046 00 $1,105,384 91
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
$33,589,736 00
17,753,520 00
343,528 00
5,914,000 00
80,000 00
19,500 00
GERMAN INSURANCE CO.
219
"GERMAN INSURANCE COMPANY OF FREEPORT,"
FREEPORT, ILL.
[Incorporated February, 1865. Commenced business October, 1866.]
Paid-up Capital, $200,000.
C. O. COLLMANN, President. WM. TREMBOR, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Freeport, 111., school bonds, . . . . $38,500 00 $40,002 15
Urbana, 111., city hall bonds, .... 14,000 00 15,169 00
Champaign, 111., improvement bonds, . . 2,000 00 2,013 00
Elgin, 111., school bonds, . . . * . . 7,500 00 8,056 50
Macon Co., 111., court house bonds, . . . 25,000 00 28,190 00
Lake & Hyde Park, Cook Co., school bonds, . 1,000 00 1,101 80
Oregon, 111., school bonds, .... 12,000 00 12,238 80
Mt. Vernon, 111., school bonds, .... 11,000 00 11,731 20
Monroe Co., 111., funding bonds, . . . 10,000 00 10,182 00
Cicero, Cook Co., 111., funding bonds, . . 1,500 00 1,543 05
East St. Louis, 111., school bonds, . . . 10,000 00 11,350 00
Danville, 111., city sewer bonds, . . . 9,000 00 9,511 20
Wheaton, 111., city bonds, 10,000 00 10,940 00
Gilman, 111 , school bonds, .... 5,500 00 6,059 35
Danville Junction, 111., school bonds, . . 11,000 00 12,701 70
Mt. Morris, 111., school bonds, .... 600 00 640 14
Effingham, 111., city bonds , 1,000 00 1,01180
Mattoon, 111., township refunding bonds, . 6,000 00 6,721 80
Eldorado, 111., school bonds, .... 4,000 00 4,282 80
Pecatonica, 111., school bonds, .... 8,000 00 8,624 00
Monmouth, 111., water bonds, .... 12,000 00 12,987 60
Marshall Co , 111., school bonds, . . . 4,000 00 4,543 20
Woodhull, 111., school bonds, .... 3,700 00 3,768 82
Marengo, 111., city bonds, 3,000 00 3,081 60
Streator, 111., improvement bonds, . . . 163 35 163 35
Blue Island, 111., village bonds, . . . 8,000 00 9,166 40
Freeport, 111., Light & Fuel Co. bonds, . . 9,000 00 9,000 00
Warren, 111., water bonds, .... 6,000 00 6,528 00
Carmi, 111., school bonds, 5,000 00 5,330 00
Freeport, 111., General Electric Co. bonds, . 5,000 00 5,000 00
Omaha, 111., school bonds, .... 2,700 00 3,034 26
Greenville, 111., school bonds, .... 10,000 00 10,000 00
Watseka, 111., school bonds, .... 5,000 00 5,148 00
Amboy, 111., school bonds, .... 8,000 00 8,739 20
Ogden, Champaign Co., 111., school bonds, . 2,000 00 2,085 20
Kankakee, 111., improvement bonds, . . 16,000 00 16,985 60
Rockvale, 111., school bonds, .... 200 00 205 40
220
GERMAN INSURANCE CO.
Grossdale, III., bridge bonds,
Orangeville, 111., village bonds
Davis, 111., school bonds, .
Quincy, 111., funding bonds,
Anna, 111., school bonds, .
Paxton, III., school bonds,
Evansville, Ind., school bonds,
Drummer Tp., Ford Co., 111., funding bonds,
Gifford, 111., school bonds,
Rock Island, 111., funding bonds,
Charleston, 111 , funding bonds,
Muscatine, Iowa, school bonds,
Forest Home, Des Moines, Iowa, school bonds
Bloomington, 111., school bonds,
Evansville, Ind., funding bonds,
Meredosia, 111., drainage bonds,
Maywood, 111., bonds,
Pekin, 111., refunding bonds, .
Normal, 111., water bonds,
St. Charles, 111., school bonds, .
Morris, 111., school bonds,
Oregon, 111., town refunding bonds,
Mounence, 111., town funding bonds,
East Lincoln, 111., town funding bonds,
White Co., Ill , funding bonds,
East St. Louis, 111., school bonds,
Muscatine, Iowa, refunding bonds,
Lawrenceville, 111., city bonds,
Cornell, 111., village bonds,
Chicago Heights, 111., water bonds,
Pana, 111., Twp. funding bonds,
Monmouth, 111., refunding bonds,
DuQuoin, 111., refunding bonds,
Hawthorne, 111. (Cook Co.), school bond
Jerseyville, 111., refunding bonds,
Monroe, Wis., water bonds,
Windsor, 111., town funding bonds,
Bloom, Cook Co., 111., town bonds,
Council Bluffs, Iowa, refunding bonds,
Elmwood, 111., refunding bonds,
Piper City, 111., school bonds,
Georgia State bonds,
Colchester, 111., school bonds,
Nunda, 111., water bonds, .
Marshall, 111., water bonds,
Carrollton, 111., water bonds,
Viola, HI , village bonds, .
Carmi, 111., water bonds, .
Par Value.
64,000 00
1,200 00
525 00
26,000 00
6,500 00
9,000 00
10,000 00
5,000 00
1,500 00
15,000 00
18,000 00
10,000 00
10,000 00
10,000 00
5,000 00
600 00
6,000 00
37,000 00
20,000 00
11,900 00
5,500 00
30,000 00
15,000 00
15,000 00
10,000 00
17,000 00
25,000 00
4,350 00
1,200 00
3,000 00
29,000 00
3,000 00
3,000 00
2,000 00
11,000 00
75,000 00
9,500 00
10,000 00
13,000 00
8,500 00
8,000 00
10,000 00
4,900 00
6,000 00
9,000 00
6,000 00
2,000 00
9,000 00
Market Value.
..^80 40
1,237 56
525 00
27,999 30
6,500 00
9,324 00
10,616 00
5,538 50
1,529 70
16,512 00
19,855 80
10,000 00
10,421 00
10,410 00
5,229 30
615 12
6,400 20
38,731 60
22,568 00
12,742 52
5,609 45
32,067 00
15,936 00
15,520 50
10,896 00
18,215 50
27,987 50
5,554 95
1,252 56
3,510 00
29,893 20
3,405 00
3,473 10
2,271 40
11,262 90
79,672 50
10,602 00
10,000 00
14,630 20
8,668 30
9,486 40
10,537 50
5,206 25
6,000 00
10,012 50
7,576 80
2,031 60
9,414 90
GERMAN INSURANCE CO.
221
C, B., & Q. R.R. bonds
Chicago, Rock Island & P, R.R. bonds, .
I. C. R.R. bonds,
C, R. I. & P. R.R. bonds
Elgin, Joliet & Eastern R'y bonds, .
Chicago, Mil. & St. Paul R'y bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Eastern Illinois R'y bonds,
Chicago & Alton R'y bonds,
Minnehaha Nat'l B'k stock, Sioux F., So. Dak.,
First Nat'l Bank stock, Blue Hill, Neb., .
West. Underwrit's' Asso. Inc. stock, Chic, 111.,
Securities held as collateral for cash loans : —
130 shares German Bank, Freeport, 111., .
30 " First Nat'l Bank, Blue Hill., Neb., .
Par Value.
$20,000 00
15,000 00
50,000 00
20,000 00
10,000 00
10,000 00
20,000 00
10,000 00
20,000 00
4,366 66
5,000 00
198,000 00
Market Value.
§ 20,550 00
15,825 00
53,900 00
21,100 00
11,562 50
11,700 00
22,100 00
12,200 00
16,950 00
4,366 66
5,000 00
223,500 00
,,221,905 01 $1,318,421 09
Market Value. Loaned Thereon.
$15,600 00 $9,700 00
3,000 00 2,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Gross assets,
Deduct special deposits in other States, .
818,600 00 $11,700 00
31, 1901.
$89,263 25
1,815,764 18
54,945 17
1,318,421 09
11,700 00
t 28,755 15
'265,818 91
16,917 56
385,870 37
58,213 62
$4,045,669 30
10,537 50
Balance, 14,035,131 80
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
$79,027 46
88,999 27
16,750 00
$184,776 73
15,219 56
$169,557 17
* Value of lands mortgaged $3,611,675 00
Value of buildings thereon 1,707,850 00
Amount of insurance held as collateral, .... S40.015 00
222
GERMAN INSURANCE CO.
Unearned premiums on outstanding risks, . 12,356,654 17
Commissions and brokerage, .... 80,963 61
Reinsurance, 63,218 89
Gross liabilities, except capital, . . 12,670,393 84
Deduct liability on special deposits, . . 9,708 70
12,660,685 14
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
. $1,374,446 66
200,000 00
£1,174,446 66
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents, ....
Profit on sale of assets,
Income from all other sources,
Gross cash income, .
. $364,001 87
3,922 15
. $360,079 72
. 2,862,435 88
. $3,222,515 60
444,083 99
. $2,778,431 61
585,053 03
- $2,193,378 58
142,810 05
1,998 39
6,730 11
1,253 55
. $2,346,170 68
Expenditures.
Cash paid for fire losses, $1,315,420 68
Deduct salvage and reinsurance, . . . 161,810 81
Net cash paid for fire losses, .... $1,153,609 87
Cash dividends paid, 50,000 00
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for premiums on bonds, .
for incidentals, ....
576,499 66
115,684 05
48,989 84
391 50
149,599 60
Gross cash expenditures, .
. $2,094,774 52
GERMAN ALLIANCE INSURANCE CO.
223
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
1303,714,269 00 $3,999,199 47
224,132,407 00 2,862,435 88
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$527,846,676 00 $6,861,635 35
168,714,572 00 2,275,058 56
$359,132,104 00 $4,586,576 79
11,528,692 00 175,630 28
$347,603,412 00 $4,410,946 51
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, .
,453,887 00
15,106,528 00
1,221,862 00
1,059,665 00
50,000 00
71,050 00
"GERMAN ALLIANCE INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897.]
Paid-up Capital, $400,000.
ADOLPH A. STROHN, President. CHARLES G. SMITH, Secretary.
»
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $161,500 00 $197,210 00
New York City bonds, 100,000 00 104,500 00
Atchison, Topeka & Santa Fe R'y bonds, . 10,000 00 10,000 00
Central R.R. of New Jersey bonds, . . . ■ 20,000 00 25,000 00
Chic, Burl. & Quincy R.R. bonds, . . . 2,000 00 2,000 00
Chicago & Eastern Illinois R.R. bonds, . . 25,000 00 34,000 00
Missouri, Kansas & Texas R'y bonds, . . 25,000 00 24,250 00
Northern Pacific-Great Northern R.R. bonds, . 28,000 00 26,600 00
Second Avenue R.R. bonds, .... 25,000 00 29,250 00
Utah & Northern R.R. bonds, .... 20,000 00 23,000 00
Edison Electric Illuminating Co. bonds, . . 10,000 00 11,700 00
Kanawha & Hocking Coal & Coke Co. bonds, . 20,000 00 20,400 00
Western Union Telegraph Co. bonds, . . 2,000 00 2,200 00
200 shares Chicago & Northwestern R.R., . 20,000 00 44,000 00
500 " Chicago, Mil. & St. Paul R.R., . 50,000 00 92,000 00
200 " Hocking Valley R.R., . . . 20,000 00 16,000 00
230 " Illinois Central R.R. Co., . . 23,000 00 31,050 00
100 " Northern Pacific R.R., . . . 10,000 00 10,000 00
224
GERMAN ALLIANCE INSURANCE CO.
2,053 shares Pennsylvania R.R.,
100 " Rensselaer & Saratoga R.R.,
300 " Southern Railway,
400 " Union Pacific R.R.,
100 " Central National Bank,
100 " National Bank of Commerce,
Par Value.
6102,650 00
10,000 00
30,000 00
40,000 00
10,000 00
10,000 00
Market Value.
6148,842 00
20,500 00
27,000 00
34,000 00
17,500 00
33,500 00
$774,150 00 f984,502 00
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$984,502 00
2 40
91,510 79
87,329 57
$1,163,344 76
92,800 00
Balance, $1,070,544 76
Liabilities.
Losses adjusted, unpaid, 827,506 57
Losses claimed and reported, .... 35,894 00
Unearned premiums on outstanding risks, . 257,807 00
Commissions and brokerage, .... 35,167 28
Gross liabilities, except capital, . . $356,374 85
Deduct liability on special deposits, . . 17,924 59
Surplus as regards policy holders, .
Paid-up capital,
338,450 26
$732 : 094 50
400,000 00
Surplus over capital, $332,094 50
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources, .
$77,313 17
464,207 20
§541,520 37
87,329 57
$454,190 80
82,053 56
$372,137 24
37,765 25
Gross cash income, $409,902 49
GERMAN-AMERICAN INSURANCE CO.
225
Expenditures.
Cash paid for fire losses,
Deduct salvage,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$208,171 34
1,597 12
Gross cash expenditures, .
$206,574 22
24,000 00
81,692 35
2,187 50
23,240 50
90 60
$337,785 17
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $51,893,721 00 $394,796 09
Fire risks written during 1901, . . . 50,393,927 00 464,207 20
Total,
Deduct risks expired and terminated,
In force at end of vear,
$102,287,648 00 $859,003 29
. 45,082,196 00 372,397 84
. $57,205,452 00 $486,605 45
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . *
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent), .
Company's stock owned by directors, .
$1,298,066 00
705,911 00
225,197 00
24,000 00
24,000 00
89,200 00
"GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated March, 1872. Commenced business March 7, 1872.]
Paid-up Capital, $1,000,000.
WM. X. KREMER, President. CHARLES G. SMITH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds $568,000 00 $679,820 00
Brooklyn city bonds, . . . . • . 175,000 00 175,000 00
New York City bonds, 1,002,784 00 985,229 00
New York City schools in Brooklyn bonds, . 50,000 00 50,000 00
N. Y. City schools & sites, Borough of Queens, 25,000 00 25,000 00
Portland, Ore., water bonds, .... 50,000 00 50,000 00
Albany & Susquehanna R.R. bonds, . . 75,000 00 75,000 00
Atch., Topeka & Santa Fe R'y bonds, . . 50,000 00 47,500 00
Central R. R. of New Jersey bonds, . . 65,000 00 74,750 00
226
GERMAN-AMERICAN INSURANCE CO.
Chicago & Alton R.R. bonds, .
Chicago & Eastern Illinois R.R. bonds, .
Chicago & Northwestern Railway bonds,
Chicago, Burl. & Quincy R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Cleveland, Cin., Chic. & St. Louis R.R. bonds
Erie Railway bonds, .....
Hocking Valley Railway Co. bonds,
Little Miami R.R. bonds, ....
Louis. & Nash. & Mobile & Mont. R.R. bonds
Louisville & Nashville R.R. bonds, .
Minneapolis & St. Louis R R. bonds,
Minn., St. P. & Sault Ste Marie R'y Co. bonds
Montana Central R.R. bonds, .
Nash., Chattanooga & St. Louis R'y bonds,
N. Y., Chicago & St Louis R.R. bonds, .
N. Y., Lackawanna & Western R.R. bonds,
N. Y., New Haven & Hart. R.R. bonds, .
N. Y., Susquehanna & Western R.R. bonds,
Northern Pacific-Great Northern R.R. bonds,
Pennsylvania Co. bonds, ....
Southern Pacific Co. bonds,
Southern R'y Co. bonds, ....
St. Paul, Minn. & Man. Railway bonds, .
St Lawrence & Adirondack R.R Co. bonds,
St. Louis, Iron Mountain & So. R.R. bonds,
Union Pacific Railway bonds, .
Utah & Northern R.R. bonds, .
West Shore R'y Co. bonds,
Allegheny Street Railway bonds, .
Columbus & Ninth Avenue R.R. bonds,
Lexington Avenue & Pavonia Ferry R'y bonds
Minneapolis L. & M. Street Railway bonds,
Metropolitan Street Railway bonds,
N. Y. Gas & Elec. Light, Heat & P. Co. bonds
34th Street Crosstown Railway bonds, .
Troy (N. Y.) City Railway Co. bonds, .
Edison Electric Illuminating Co. of N. Y. b'ds
Kanawha & Hocking Coal & Coke Co. bonds,
Western Union Telegraph Co. bonds,
Standard Gas Light Co. bonds,
100 shares Albany & Susquehanna R.R.,
1,000 " Cayuga & Susquehanna R.R.,
1,800 " Chicago, Mil. & St. Paul R.R.,
700 " Chicago & Northwestern R.R.,
500 " Cleveland, C, C. & St. Louis R.R.,
200 " Detroit, Hills. & Southwest. R.R.,
Par Value.
$50,000 00
25,000 00
190,000 00
50,000 00
100,000 00
100,000 00
50,000 00
200,000 00
25,000 00
25,000 00
100,000 00
50,000 00
20,000 00
25,000 00
25,000 00
25,000 00
45,000 00
100,000 00
20,000 00
50,000 00
120,000 00
80,000 00
25,000 00
50,000 00
71,000 00
25,000 00
50,000 00
25,000 00
10,000 00
50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
35,000 00
25,000 00
50,000 00
25,000 00
35,000 00
80,000 00
25,000 00
25,000 00
10,000 00
30,000 00
180,000 00
70,000 00
50,000 00
20,000 00
Market Value.
641,250 00
32,500 00
210,990 00
52,500 00
113,200 00
112,500 00
50,000 00
247,500 00
25,000 00
25,000 00
105,000 00
50,000 00
21,000 00
23,750 00
32,500 00
25,000 00
48,150 00
125,000 00
35,000 00
53,250 00
114,000 00
86,400 00
21,250 00
57,500 00
92,300 00
27,500 00
45,000 00
25,000 00
11,500 00
53,500 00
25,000 00
28,000 00
28,000 00
25,000 00
39,200 00
22,500 00
55,000 00
25,000 00
40,250 00
80,000 00
27,500 00
26,250 00
19,500 00
58,500 00
315,000 00
147,000 00
50,000 00
20,000 00
GERMAN-AMERICAN INSURANCE CO.
227
200 shares
700
it
1,000
u
600
II
100
M
1,200
II
2,633
It
390
II
200
tl
500
U
500
u
3,740
II
750
It
500
(I
500
It
1,500
II
100
II
400
u
400
II
221
M
90
II
300
If
150
II
300
II
1,000
II
400
U
700
U
Delaware & Hudson Co.,
Great Northern R.R., .
Hocking Valley R'y Co.,
Illinois Central R.R., .
Minneapolis & St. Louis R.R.,
Morris & Essex R.R., .
New York & Harlem R.R., .
N. Y , New Haven & Hart. R.R.,
NY, Lackawanna & West'n R.R.
Norfolk & Western R'y,
Northern Pacific Railway Co.,
Pennsylvania R.R ,
Pittsburg, C, C. & St. Louis,
Rensselaer & Saratoga R R.,
Southern R'y Co., .
Union Pacific R R.,
American Exchange Nat'l Bank,
Central National Bank,
Fourth National Bank, .
German-American Bank,
Merchants' National Bank, .
National Bank of Commerce,
Merchants' Trust Co , .
N. Y. Security & Trust Co., .
Consolidated Gas Company,
Pullman Co.,
Standard Oil Co., .
Par Value.
$20,000 00
70,000 00
100,000 00
60,000 00
10,000 00
60,000 00
131,650 00
39,000 00
20,000 00
50,000 00
50,000 00
187,000 00
75,000 00
50,000 00
50,000 00
150,000 00
10,000 00
40,000 00
40,000 00
16,575 00
4,500 00
30,000 00
15,000 00
30,000 00
100,000 00
40,000 00
7or,ooo oo
Market Value.
$32,000 00
119,000 00
75,000 00
72,000 00
10,000 00
108,000 00
526,600 00
74,100 00
25,000 00
42,500 00
50,000 00
261,800 00
75,000 00
95,000 00
40,000 00
120,000 00
17,000 00
68,000 00
80,000 00
19,061 00
7,200 00
97,500 00
48,750 00
300,000 00
190,000 00
76.000 00
385,000 00
$6,120,509 00 $8,171,550 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . $15,000 CO
Loans on mortgage of real estate (first liens *), 13,000 00
Interest due or accrued thereon, .... 173 00
Stocks and bonds, as per schedule, . . . 8,171,550 00
Cash in the office of the company, . . . 5,182 42
Cash. deposited in bank, 475,875 91
Interest due and accrued, 5,110 27
Premiums in course of collection (gross), . 733,565 42
Prem's more than three mos. due, $18,229 15
Gross assets, f
Deduct special deposits in other States, . ...
Balance,
$9,419,457 02
140,700 00
$9,278,757 02
* Value of lands mortgaged $8,000 00
Value of buildings thereon 14,000 00
Amount of insurance held as collateral, .... 13,00000
t Including $500,000 special reserve held under New York laws.
228
GERMAN-AMERICAN INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, . . • .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$130,653 00
375,996 00
82,590 00
$589,239 00
66,727 00
$522,512 00
3,109,666 62
13,861 38
150,820 29
129,460 43
1,732 80
$3,928,053 52
82,539 45
83,845,514 07
Surplus as regards policy holders,
Paid-up capital, ....
. $5,433,242 95
. 1,000.000 00
Surplus over capital, $4,433,244 95
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received, .
Interest received on mortgages,
$3,479,751 90
520 00
Interest and dividends received from all other sources, . . 319,439 73
$620,517 28
1,331 38
$619,185 90
6,009,155 07
$6,628,340 97
751,794 57
$5,876,546 40
2,396,794 50
Gross cash income, .
. $3,799,711 63
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
$2,698,314 76
799,754 03
$1,898,560 73
300,000 00
GERMAN FIRE INSURANCE CO.
229
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$793,499,660
. 669,430,867
$590,407 99
195,011 76
102,439 11
338,434 57
$3,424,854 16
Premiums.
00 $6,522,940 96
00 6,009,155 07
$1,462,930,527
. 588,703,407
00$12,532,096 03
00 5,088,452 25
$874,227,120
. 187,268,276
00 $7,443,643 78
00 1,455,475 80
$686,958,844 00 $5,988,167 98
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (30 per cent.),
Company's stock owned by directors, ....
$60,854,405 00
32,546,013 00
2,049,190 00
4,990,000 00
300,000 00
117,600 00
"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF
PITTSBURGH," PITTSBURGH, PA.
[Incorporated March 27, 1862. Commenced business July, 1862.]
Paid-up Capital, $200,000.
A. E. SUCCOP, President. A. H. ECKERT, Secretarrj.
Detailed Statement of Stocks
100 " Third National Bank, Pittsburgh,
100 " Exchange National Bank, Pitts.,
100 " Allegheny Nat'l Bank, Pittsburgh,
43 " M. & M. National Bank, Pitts.,
3 " Metropolitan Nat'l Bank, Pitts.,
10 " Fifth Avenue Bank, Pittsburgh,
100 " First National Bank, Allegheny,
45 " Second National Bank, Allegheny
Aleppo township school bonds,
Millvale & Etna Traction Co. bonds,
Pitts. & Birm. Traction Co. bonds, .
and Bonds.
Par Value.
$10,200 00
10,000 00
5,000 00
5,000 00
2,150 00
300 00
500 00
10,000 00
4,500 00
1,600 00
11,500 00
8,000 00
Market Value.
$26,520 00
20,000 00
8,600 00
11,500 00
6,235 00
480 00
550 00
13,000 00
14,625 00
1,840 00
12,995 00
9,200 00
$68,750 00 $125,545 00
230
GERMAN FIRE INSURANCE CO.
Securities held as collateral for cash loans : —
15 shares Union Trust Co.,
20 -
45 '
14 '
200 '
100 '
600 '
100 '
100 '
20 '
City Deposit Bank, . ' .
Westinghouse Air Brake Co.,
Diamond National Bank,
Pittsburg Coal Co., .
Monongahela River C. C. & C. Co
Crucible Steel Co., .
South Side Trust Co., .
Pittsburg Plate Glass Co ,
Germania Savings Bank,
Market Value. Loaned Thereon.
|10,725 00
2,800 OO^j
7,875 00
5,460 00
5,125 00
1,300 00
14,250 00 J
10,800 00
30,000 00
4,300 00
$5,000 00
J. 27,250 00
9,300 00
19,500 00
$92,635 00 1,050 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
31, 1901.
f 2,200 00
231,425 00
4,313 81
125,545 00
61,050 00
45,473 43
357 87
69,459 48
$539,824 59
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$21,406 06
10,349 88
$31,755 94
2,541 84
f29,214 10
248,276 73
901 80
9,059 93
2,167 75
289,620 31
.5250,204 28
200,000 00
•550,204 28
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral.
£81,600 00
338,860 00
950 00
GERMAN FIRE INSURANCE CO.
231
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Gross cash income,
>,337 21
380,328 80
$446,666 01
69,459 48
$ 377,206 53
75,396 41
sources,
$301,810 12
14,792 33
6,738 49
221 00
515 19
$324,077 13
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$167,037 17
13,548 29
$153,488 88
20,000 00
89,288 35
10,345 78
8,558 56
25,479 19
$307,160 76
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
. $37,194,853 00 $430,750 33
. 32,890,810 00 380,328 80
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
,085,663 00 $811,079 13
28,049,682 00 318,068 39
.$42,035,981 00 $493,010 74
. 1,156,692 00 19,070 87
$40,879,289 00 $473,939 87
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
^6,255,635 00
3,082,263 00
169,766 00
758,000 00
20,000 00
27,000 00
232
GERMANIA FfRE INSURANCE CO.
"GERMANIA FIRE INSURANCE COMPANY," NEW YORK, X. Y.
[Incorporated March 2, 1859. Commenced business March 2, 1359.]
Paid-up Capital, 81,000,000.
HUGO SCHUMANN, President. CHARLES RUYK HAVER, Secretar,/.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $500,000 00 f 546,250 00
Baltimore & Ohio R.R. Co bonds, . . . 56,000 00 54,120 00
Brooklyn Union Elevated R.R. Co. bonds, . 15,000 00 15,000 00
Chesapeake & Ohio R'y Co. bonds,. . . 30,000 00 31,200 00
Chicago & Northwestern R'y Co. bonds, . . 36,000 00 43,560 00
Cleve., Col., Cin., & Indian. R.R. Co. bonds, . 25,000 00 33,750 00
Denver & Rio Grande R.R. Co. bonds, . . 35,000 00 35,700 00
Dry Dock, E. Broadw'y & Bat. R.R. Co. bonds, 10,000 00 11,400 00
East. Tenn., Virginia & Georgia R'y Co. b'ds, 25,000 00 29,750 00
Edison Electric Illuminating Co. bonds, . . 25,000 00 26,500 00
Fargo & Southern R'y Co. bonds, . . . 20,000 00 26,600 00
Flint & Pere Marquette R.R. Co. bonds, . . 25,000 00 28,000 00
Georgia State bonds 25,000 00 26,000 00
Kentucky Central R'y Co. bonds, . . . 25,000 00 25,000 00
Lehigh Valley R'y Co. of New York bonds, . 25,000 00 27,500 00
Long Island R.R. Co. bonds, .... 15,000 00 18,150 00
Milwaukee & Northern R.R. Co. bonds, . . 25,000 00 28,250 00
Mississippi State bonds, 20,000 00 20,000 00
Missouri Pacific R'y Co. bonds, . . . 25,000 00 30,500 00
N. Y., Brooklyn & Man. Beach R'y Co. bonds, 25,000 00 27,500 00
New l r ork city bonds 350,000 00 368,250 00
N. Y. Cent. & Hudson River R.R. Co. bonds, . 50,000 00 48,500 00
Northern Pacific Great North. R'y Co. bonds, 50,000 00 49,000 00
Pittsburg & Western R'y Co. bonds, . . 25,000 00 25,000 00
Richmond city bonds, 52,100 00 53,663 00
St. Paul, Minn. & Manitoba R'y Co. bonds, . 25,000 00 28,750 00
St. Paul & Northern Pacific R'y Co. bonds, . 16,000 00 20,640 00
Tenn. Coal, Iron & R.R. Co. bonds, . . 25,000 00 27,750 00
Third Avenue R.R. Co. bonds 25,000 00 30,750 00
Toledo & Ohio Central R'y Co. bonds, . . 35,000 00 38,500 00
Union Pacific R.R. Co. bonds, .... 10,000 00 10,600 00
Western N. Y. & Penn. R.R. Co. bonds, . . 25,000 00 30,000 00
Atch , Topeka & Santa Fe R'y Co. stock, . 100,000 00 100,000 00
Baltimore & Ohio R.R. Co. stock, . . . 120,000 00 96,000 00
Broadway & 7th Ave. R.R. Co. stock, . . 40,000 00 98,400 00
Chicago, Mil & St. Paul R'y Co. stock, . . 90,000 00 157,700 00
Consolidated Gas Co. stock, .... 100,000 00 215,000 00
GERMANIA FIRE INSURANCE CO.
233
Denver & Rio Grande R.R. Co. stoek,
German- American Bank stock,
Hocking Valley R'y Co stock,
Illinois Central R.R. Co. stock,
Laclede Gas Light Co. of St. Louis, Mo , stock
Louisville & Nashville R.R. Co. stock,
Metropolitan Street RV Co. stock, .
National Park Bank stock,
N. Y. Central & Hud. River R.R. Co. stock,
N. Y., Chicago & St. Louis R.R. Co. stock,
Norfolk & Western R'y Co. stock, .
Pennsylvania R.R Co. stock, .
Pullman Co stock,
Southern R'y Co. stock, ....
St. Louis & San Francisco R.R. Co. stock,
Union Pacific R.R. Co stock, .
Western Union Telegraph Co. stock,
Par Value.
|120,000 00
9,375 00
50,000 00
60,000 00
50,000 00
100,000 00
10,000 00
5,000 00
100,000 00
100,000 00
50,000 00
150,000 00
100,000 00
20,000 00
30,000 00
120,000 00
50,000 00
Market Value.
$111,600 00
13,406 25
41,500 00
81,600 00
51,000 00
105,000 00
15,800 00
30,500 00
164,000 00
114,000 00
44,500 00
220,500 00
212,000 00
18,200 00
24,300 00
106,800 00
44,500 00
$3,249,475 00 $3,882,439 25
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross)
Rents due and accrued,
Cash in hands of department managers,
Gross assets, ....
Deduct special deposits in other States,
Balance,
31, 1901.
$667,324 27
383,500 00
9,012 92
3,882,439 25
12,441 83
155,715 54
289,122 20
2,221 65
28,207 95
|5,429,985 61
79,663 00
f5,350,322 61
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$53,379 51
62,641 91
11,755 00
$127,776 42
23,141 17
$104,635 25
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$236,500 00
419,500 00
376,500 00
234
GERMANIA FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$1,732,129 03
58,773 82
2,760 63
$1,948,298 73
39,075 42
$ 1,909,223 31
. $3,441,099 30
. 1,000,000 00
. $2,441,099 30
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
$1,670,479 01
18,316 36
Interest and dividends received from all other sources, . . 148,267 76
$229,387 32
2,132,573 54
$2,361,960 86
289,122 20
$2,072,838 66
402,359 65
Gross cash income,
. $1,837,063 13
Expenditures.
Cash paid for fire losses, $899,312 42
Deduct salvage and reinsurance, . . . 129,958 19
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and ernpjoyees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$769,354 23
150,000 00
344,327 65
141,388 10
41,698 99
94,665 20
$1,541,434 17
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$406,257,132 00 $3,212,449 21
250,236,851 00 2,132,573 54
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$656,493,983 00 $5,345,022 75
219,739,580 00 1,736,061 02
$436,754,403 00 $3,608,961 73
22,022,593 00 198,417 92
$414,731,810 00 $3,410,543 81
GIRART) FIRE AND MARINE INSURANCE CO.
235
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (15 per cent.),
Company's stock owned by directors, ....
f37,124,210 00
18,439,827 00
792,418 00
3,491,000 00
150,000 00
217,300 00
"GIRARD FIRE AND MARINE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March 26, 1853. Commenced business May 2, 1853.]
Paid-up Capital, $300,000.
ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretory.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $50,000 00 $56,500 00
City of Louisville, Ky., bonds, . . . . 10,000 00 10,400 00
County of St. Louis, Mo., park bonds, . . 10,000 00 10,800 00
City of Seattle, Wash., bonds, .... 50,000 00 55,000 00
Borough of Ridley Park, Penn , bonds, . . 4,000 00 4,480 00
Wadena, Minn., school bonds, .... 5,000 00 5,000 00
State of Georgia bonds, 25,000 00 26,250 00
City of Camden, N. J., bonds, .... 20,000 00 23,000 00
City of Duluth, Minn , bonds 15,000 00 17,100 00
Connecting R.R, bonds 9,000 00 9,630 00
Pennsylvania R.R. bonds, 10,000 00 12,200 00
Philadelphia, Wilm. & Bait. R.R. bonds, . . 70,000 00 76,300 00
Pitts., Cin., Chic. & St. Louis R.R. bonds, . 10,000 00 11,500 00
Delaware R R. bonds, 6,000 00 6,720 00
North Pennsylvania R R. bonds, . . . 5,000 00 5,350 00
Lehigh Valley R R. bonds, .... 20,00000 21,60000
Lynn & Boston R.R. bonds, .... 25,000 00 28,750 00
Philadelphia & Reading R.R. Co. bonds, . . 50,000 00 62,500 00
Schuylkill Valley Traction Co. bonds, . . 10,000 00 10,300 00
Fort Pitt Traction Co., Pittsburgh, bonds, . 10,000 00 11,700 00
Ohio & Little Kanawha R.R. bonds, . . 1,200 00 1,200 00
Kansas City Southern R'y bonds, . . . 20,000 00 14,400 00
Lower Merion Gas Co. bonds, .... 8,000 00 8,240 00
Hutchinson Water, L't & Power Co. bonds, . 6,000 00 6,000 00
Hudson River Gas & Electric Co. bonds,. . 20,000 00 21,000 00
Glens Falls Gas & Electric Light Co. bonds, . 10,000 00 10,300 00
Western Gas Co. bonds, 25,000 00 26,750 00
Consolidated Gas Co. of Pitts., Pa., bonds, . 10,000 00 11,400 00
Hamilton Real Estate Co. bonds, . . . 11,600 00 11,600 00
Chicago & Suburban Water & Lt. Co. bonds, . 10,000 00 10,300 00
236
GIRAKD FIRE AND MARINE INSURANCE CO.
Elmira Water, Light & R.R. Co. bonds, .
West Chester Lighting Co. bonds, .
Missouri River Power Co. bonds,
Economy Light & Power Co. bonds,
Philadelphia & Darby Passenger R'y Co. st'k
Pennsylvania R R. Co. stock, .
Lehigh Valley R.R. Co. stock, .
Lehigh Coal & Navigation Co. stock,
Philadelphia Traction Co. stock,
Pennsylvania Salt Manufacturing Co. stock,
Continental Title & Trust Co. stock,
Philadelphia Bourse stock,
United (ias Improvement Co. stock,
Girard F. & M. Ins. Co. stock, $45,458 00
Securities held as collateral for cash loans : —
Mortgages assigned,
50 shares Guar. Tr. Co., Atlantic City, N. J., .
Par Value.
$10,000 00
15,000 00
10,000 00
15,000 00
2,250 00
10,500 00
15,000 00
5,000 00
10,000 00
12,000 00
2,500 00
1,500 00
5,000 00
Market Value.
110,900 00
15,450 00
10,500 00
15,000 00
1,800 00
15,750 00
11,400 00
7,800 00
19,600 00
26,880 00
3,700 00
200 00
11,650 00
.$649,550 00 f736,300 00
Market Value. Loaned Thereon.
$133,600 00 1,000 00
8,000 00 5,000 00
$141,600 00 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued
Prems. more than three mos. due, $11,076 87
Gross assets,
8385,000 00
634,400 00
9,639 81
736,300 00
86,000 00
2,146 87
48,163 17
10,313 21
48,836 99
1,077 55
$1,961,877 60
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
$40,612 10
1,000 00
141,612 10
1,319 96
$40,292 14
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$1,341,476 00
522,965 00
25S.770 00
GIRARD FIRE AND MARINE INSURANCE CO.
237
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$412,093 54
627,511 88
312 84
19,419 90
10,774 39
2,117 57
Surplus over capital, .
1,112,522 26
$849,355 34
300,000 00
$549,355 34
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
from profit and loss account,
from all other sources,
Deposits received for perpetual fire risks,
$83,691 56
200 00
$83,491 56
504,481 16
$587,972 72
59,713 86
$528,258 86
121,937 77
sources,
$30,821 78
$406,321 09
33,622 79
39,354 04
15,636 10
7,975 17
1,109 50
Gross cash income,
$504,018 69
Expenditures.
Cash paid for fire losses, $214,290 92
Deduct salvage and reinsurance, . . . 21,292 95
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for profit and loss, ....
for incidentals, ....
Deposits returned on perpetual fire risks, . $25,950 25
$192,997 97
60,000 00
97,441 36
55,146 83
26,410 86
9,220 70
52,026 59
Gross cash expenditures,
$493,244 31
238
GLENS FALLS INSUKANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$90,792,407 00
. 47,008,370 00
$137,800,777 00
. 44,860,550 00
. $92,940,227 00
. 5,403,175 00
.$87,537,052 00
Perpetual risks in force (not incl'd above), . $32,374,348 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
Premiums.
$865,370 73
504,481 16
i 1,369,851 89
508,422 47
$861,429 42
56,350 00
$805,079 42
•7,235 42
$15,208,212 00
5,985,506 00
234,291 00
2,131,194 00
60,000 00
34,600 00
"GLENS FALLS INSURANCE COMPANY;' GLENS FALLS, N. Y.
[Incorporated May, 1849. Commenced business May, I860.]
Paid-up Capital, $200,000.
J. L. CUNNINGHAM, /'resident. R. A. LITTLE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $58,000 00 $75,380 00
N. Y. Central & Hudson River R.R. bonds, . 200,000 00 212,000 00
Syracuse, Bing. & New York R.R. bonds, . 53,000 00 61,480 00
Morris & Essex R.R. bonds, .... 50,000 00 68,500 00
West Shore R R. bonds, 50,000 00 54,000 00
Union Pacific R.R. bonds 50,000 00 50,000 00
Baltimore & Ohio R.R. bonds, .... 50,000 00 50,000 00
Central of New Jersey R.R. bonds, . . . 50,000 00 65,500 00
International Paper Co. bonds, . . . 50,000 00 56,000 00
Hudson River Pulp & Paper Co. bonds, . . 320,000 00 320,000 00
Gould Paper Co. bonds, 363,000 00 363,000 00
Glens Falls Paper Mills Co. bonds, . . . 90,000 00 90,000 00
>rgia State bonds, 25,000 00 25,000 00
Richmond city bonds 11,000 00 11,000 00
Pendleton City, Ore, bonds, .... 50,00000 55,90000
Saratoga Springs bonds, 5,000 00 5,000 00
First National Bank, Glens Falls, stock, . . 10,000 00 20,000 00
First National Bank, Saratoga Springs, stock, 2,000 00 4,000 00
GLENS FALLS INSURANCE CO.
239
Cleveland Trust Co. stock,
Mt. Kisco National Bank stock,
Glens Falls National Bank stock,
German Trust Co., Davenport, la., stock,
Union Pacific R.R. stock, . . . .
Securities held as collateral for cash loans
Morris & Essex R.R. bonds,
Par Value.
$5,000 00
5,000 00
2,500 00
70,000 00
50,000 00
Market Value.
$6,000 00
5,000 00
5,000 00
70,000 00
45,000 00
$1,619,500 00 fl,717,760 00
Market Value. Loaned Thereon.
$-4,110 00 $4,000 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $1,650 45
Gross assets,*
Deduct special deposits in other States, .
Balance, $3,457,532 53
$93,710 00
998,152 29
4,124 36
1,717,760 00
4,000 00
6,376 12
586,091 03
7,541 53
131,677 20
$3,549,432 53
91,900 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$22,380 37
47,861 00
14,730 00
$84,971 37
18,722 99
$66,248 38
1,022,052 04
10,000 00
19,999 15
3,694 69
$1,121,994 26
26,234 00
1,095,760 26
. $2,361,772 27
200,000 00
. $2,161,772 27
* Including $200,000 special reserve held under New York laws.
240
GLENS FALLS INSURANCE CO.
Income.
Premiums on risks written or renewed, . . $1,256,906 85
Less reinsurance and return premiums, . . 273,397 81
Net cash fire premiums received, . . . $983,509 04
Interest received on mortgages, 63,833 27
Interest and dividends received from all other sources, . . 109,330 87
Income from rents, 2,876 99
Gross cash income, 1 1,159,550 17
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures
$617,044 44
78,827 97
1538,216 47
100,000 00
229,772 60
65,550 91
52,993 27
70,231 42
. $1,056,764 67
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . $187,482,267 00 $1,964,774 65
Fire risks written during 1901, . . 112,418,615 00 1,256,906 85
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$299,900,882 00 $3,221,681 50
111,548,190 00 1,100,477 82
$188,352,692 00 $2,121,203 68
1,203,106 00 157,515 72
$187,149,586 00 81,963,687 96
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (50 per cent.),
Company's stock owned by directors, ....
$20,101,121 00
9,749,864 00
554,818 00
1,000,000 00
100,000 00
72,920 00
GRANITE STATE FIRE INSURANCE CO.
241
"GRANITE STATE FIRE INSURANCE COMPANY,"
PORTSMOUTH, N. H.
[Incorporated July 17, 1835. Commenced business Nov. 12, 1885.]
Paid-up Capital, $200,000.
FRANK JONES, President. ALFRED F. HOWARD, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
State of Massachusetts bonds, .... $20,000 00 $22,250 00
Hillsborough County, N. H., bonds, . . 10,000 00 11,334 00
Rockingham County, N. H., bonds, . . . 10,000 00 10,660 00
Columbia County, Wash., bonds, . . . 8,000 00 8,390 40
Boston, Mass., bonds 20,000 00 21,775 00
Quincy, Mass., bonds 6,000 00 7,057 50
Maiden, Mass., bonds 17,000 00 18,830 80
Taunton, Mass., bonds, 8,000 00 8,945 60
Newton, Mass., bonds 9,000 00 10,665 00
Manchester, N. H., bonds, .... 100,000 00 104,890 00
Portsmouth, N. H., bonds, .... 10,000 00 11,037 00
Dover, N. H , bonds, 10,000 00 10,723 00
Nashua, N. H., bonds, 10,000 00 10,945 00
Concord, N. H., bonds, 1,000 00 1,150 00
Laconia, N. H., bonds 10,000 00 11,492 40
Pittsfield, N. H., bonds, 2,500 00 2,702 25
Peterborough, N. H., bonds, .... 4,000 00 4,311 20
Rutland, Vt., bonds, 5,000 00 5,712 50
Milwaukee, Wis., bonds, 5,000 00 5,291 00
Burlington, Vt , bonds 5,000 00 5,564 50
Concord & Montreal R.R. bonds, . . . 25,000 00 27,820 00
Boston & Lowell R.R. bonds 10,000 00 10,897 00
Fitchburg R.R. bonds, 5,000 00 5,670 50
Peterboro' & Hillsboro 1 R.R. bonds, . . 10,000 00 11,500 00
Water, L. & P. Co., St. Cloud, Minn., bonds, . 10,000 00 10,000 00
New Hampshire Trust Co. bonds, . . . 6,600 00 4,620 00
Eastman Freight Car Heater Co. bonds, . . 26,000 00 26,000 00
Nashua Card & Glazed Paper Co. bonds, . 5,000 00 5,000 00
131 shares Boston & Maine R.R., . . . 13,100 00 25,021 00
133 " Dover Gas Light Co., . . . 3,325 00 3,325 00
50 " Wolf. Loan & Banking Co., . . 5,000 00 5,000 00
51 " Wor., Nashua & Roch. R.R., . . 5,100 00 7,901 00
35 " Concord & Montreal R.R., . . 3,500 00 7,070 00
$398,125 00 $443,551 65
242
GRANITE STATE FIRE INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
31, 1901.
$30,300 00
13,350 00
337 30
413,551 65
3,412 86
36,187 76
1,650 45
58,733 09
326 33
1,039 97
£588,889 41
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$36,810 92
14,209 00
1,100 00
£52,119 92
15,456 63
$36,663 29
228,520 18
1,903 91
9,188 57
11,663 43
287,939 38
$ 300,950 03
200,000 00
$ 100,950 03
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
f56,383 07
183 31
£56,199 76
447,882 72
6504,082 48
58,733 09
8445,349 39
118,851 77
$326,497 62
* Value of lands mortgaged, ....
Value of buildings thereon,
Amount of insurance held as collateral, .
811,950 00
■21,700 00
10.400 00
THE GREENWICH INSURANCE CO.
243
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Profit on sale of real estate,
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$610 30
17,590 96
2,652 46
1,043 04
$348,394 38
$265,134 08
67,905 37
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$48,448,099 00
. 34,287,201 00
.$82,735,300 00
. 31,845,793 00
.$50,889,507 00
. 13,838,511 00
$197,228 71
12,000 00
59,818 77
11,380 00
7,576 53
34,091 16
$322,095 17
Premiums.
$574,414 61
447,882 72
1,022,297 33
417,704 24
$604,593 09
174,033 75
.$37,050,996 00 $430,559 34
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$7,110,061 00
3,295,071 00
199,273 00
148,000 00
12,000 00
131,600 00
"THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.]
Paid-up Capital, $200,000.
MASON A. STONE, President. JOHN KEEGAN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $46,500 00 $50,685 00
District of Columbia bonds, .... 125,000 00 158,125 00
The Central of Georgia Railway Co. bonds, . 25,000 00 26,500 00
Rensselaer & Saratoga R.R. Co. stock, . . 60,000 00 130,200 00
Delaware & Hudson Canal Co. stock, . . 60,000 00 106,800 00
The Valley R.R. Co. stock, .... 35,000 00 47,250 00
244
THE GREENWICH INSURANCE CO.
N. Y., Lackawanna & Western R.R. Co. stock,
Chicago & Northwestern Railway Co. stock,
Chic, Mil. & St. Paul Railway Co. stock,
Morris & Essex R R. Co. stock,
Great Northern Railway Co. stock, .
Chicago & Alton Railway Co. stock,
Pitts., Cin., Chic. & St. Louis R'y Co. stock,
Pennsylvania R.R. Co. stock, .
Baltimore & Ohio R.R. Co. stock, .
Consolidated Gas Co. of N. Y. stock,
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued,.
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Reinsurance due on losses paid,
Prem's more than three mos. due, $3,993 48
Gross assets,
Deduct special deposits in other States, .
Par Value.
825,000 00
30,000 00
80,000 00
5,000 00
82,500 00
50,000 00
50,000 00
30,000 00
41,200 00
125,000 00
Market Value.
,000 00
70,500 00
144,750 00
9,900 00
152,212 00
38,000 00
56,500 00
45,150 00
43,878 00
274,375 00
Balance, 12,047,141 99
$870,200 00 fl,388,825 00
31, 1901.
$340,000 00
1,388,825 00
1,565 15
17,654 41
500 00
302,002 39
13,102 57
5,292 47
£2,068,941 99
21,800 00
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reel amiable on perpetual fire policies,
Due for borrowed money,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Bills payable,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
£238,075 93
32.515 66
£270,591 59
25,518 25
$245,073 34
1,361,253 06
931 50
112,000 00
5,000 00
37,500 00
25.516 02
1,525 26
7,198 88
$1,795,998 06
21,800 00
1.774,198 06
.,943 93
.000 00
£72,943 93
THE GREENWICH INSURANCE CO.
245
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1901,
Same not collected,
Net collected, ' .
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all
Income from rents, ....
Profit on sale of assets,
sources,
$295,354 45
2,303 21
$293,051 24
2,052,652 10
$2,345,703 34
302,156 86
$2,043,546 48
534,089 93
$1,509,456 55
,727 14
180 00
5,547 14
218,870 25
$237,417 39
8,838 65
$228,578 74
25,783 66
$202,795 08
50,599 49
16,955 32
38,329 38
Gross cash income, $1,818,135 82
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for repairs on real estate,
for incidentals,
$1,084,729 09
163,166 10
$118,640 70
13,907 10
es,
$921,562 99
104,733 60
20,000 00
365,751 95
150,585 23
36,180 76
412 82
192,489 92
Gross cash expenditures, .
.,791,717 27
246
HANOVER FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, :
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$310,384,527
. 210,646,724
Premiums.
00 $2,246,370 14
(0 2,052,652 10
$521,031,251
. 185,257,788
- ^,299,028 24
00 1,634,*99 90
$335,773,463
. 34,157,749
00 $2,664,828 34
00 325,162 08
$301,615,714 00 $2,339,666 26
$2,698,179
43,340,200
00 $102,174 05
00 218,870 25
. $46,038,379
. 42,811,829
00 $321,044 30
00 209,363 55
$3,226,550
253,990
00 $111,680 75
00 3,222 44
$2,972,560 00 $108,458 31
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.), .
Company's stock owned by directors, ....
$23,694,075 00
14,448,319 00
993,780 00
99,300 00
2,208,000 00
20,000 00
85,075 00
"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1852. Commenced business April, 1862.]
Paid-up Capital, $1,000,000.
CHARLES A. SHAW, President. JOSEPH McCORD, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bonds, § 148 ,000 00 6192,620 00
State of Georgia bonds, 15,000 00 17,100 00
City of New York additional water stock, . 100,000 00 99,500 00
City of New York dock bonds, . . . 75,000 00 74,625 00
City of Richmond, Va., bonds 50,000 00 59,000 00
Pennsylvania Co. bonds, 36,000 00 40,140 00
Flint & Pere Marquette R.R. Co. bonds, . . 60,000 00 72,600 00
Chic, Indianapolis & Louisville bonds, . . 15,000 00 19,200 00
Chic, Mil. & St. Paul R'y Co. bonds, . . 20,000 00 23,300 00
N. Y., N. H. & Hart. R.R. Co. deb. certificates, 25,000 00 51,500 00
Central R.R. of N. J. bonds, .... 60,000 00 SI ,000 00
HANOVER FIRE INSURANCE CO.
247
Brooklyn (N. Y.) City R.R. Co. bonds, .
Cin., Indianap., St. Louis & Chic. R'y Co. b'ds,
Lehigh Valley Terminal R'y Co. bonds, .
Col. & Ninth Ave. (N. Y.) R.R. Co. bonds,
Atchison, Topeka & Santa Fe R'y Co. bonds,
Erie R.R. Co. bonds,
N. Y., Susque. & Western R.R. Co. bonds,
Northern Pac. -Great Northern bonds,
1,150 shares N. Y. Cent. & H. R. R.R., .
850 " Chicago & Northwestern R'y Co
480 " Chic, Rock Isl. & Pacific R'y Co
100 " Rensselaer & Saratoga R.R. Co.,
3,904 " Pennsylvania R.R. Co.,
191 " Syra., Bing. & N. Y. R R. Co.,
500 " CI., Cin , Chic. & St. L. R'y Co.,
450 " Chic, Mil. & St, Paul R'y Co.,
7 " Chic, Ind. & Louisville R'y Co.,
700 " Pitts., McK. & You'y R.R. Co.,
550 " Northern Pacific R'y Co., .
625 " The Great Northern R'y Co.,
500 " Union Pacific R.R. Co.,
45 " Chic, Mil. & St. Paul R'y Co.,
400 " Southern Railway Co., .
250 " St. Louis Bridge Co., .
150 " Amer. Exc Nat'l Bank (N. Y.),
75 " Bank of America (N. Y.), .
75 « Met. N'l B'k (N. Y.) (in liquida.),
Par Value.
$ 25,000 00
25,000 00
20,000 00
10,000 00
25,000 00
50,000 00
25,000 00
50,000 00
115,000 00
85,000 00
48,000 00
10,000 00
195,200 00
19,100 00
50,000 00
45,000 00
700 00
35,000 00
55,000 00
62,500 00
50,000 00
4,500 00
40,000 00
25,000 00
15,000 00
7,500 00
Market Value.
$28,750 00
26,250 00
23,200 00
12,300 00
25,875 00
50,687 50
28,875 00
49,500 00
192,337 50
185,250 00
73,860 00
21,600 00
293,776 00
36,672 00
61,000 00
85,275 00
538 12
51,100 00
55,000 00
115,312 50
45,000 00
7,430 62
37,550 00
33,750 00
43,500 00
41,250 00
75 00
$1,696,500 00 $2,356,299 24
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the ofiice of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prems. more than three mos. due, $7,811 51
Gross assets, .....
Deduct special deposits in other States, .
Balance, $3,305,999 41
31, 1901.
$450,000 00
3,500 00
14 58
2,356,299 24
80,307 54
50,748 31
15,587 50
386,423 73
1,299 99
32,218 52
$3,376,399 41
70,400 00
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$2,500 00
5,000 00
3,500 00
248
HANOVER FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
|111,260 56
154,857 23
69,767 64
$335,885 43
103,287 48
$232,597 95
1,441,274 60
69,357 58
73,696 15
$1,816,926 28
44,394 13
£1,772,532 15
$1,533,467 26
1,000,000 00
$533,467 26
Income.
Fire premiums outstanding Dec. 31, 1900, . §298,991 47
Same not collected, 4,904 89
Net collected, $294,086 58
Premiums on risks written or renewed, . . 2,747,205 77
Total, . $3,041,292 35
Premiums now in course of collection, . . 394,235 24
Entire premiums collected, .... $2,647,057 11
Less reinsurance and return premiums, . . 849,046 21
Net cash fire premiums received, . . .
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Income from profit and loss account,
Gross cash income,
$1,798,010 90
175 00
86,807 83
10,231 83
48,984 92
$1,944,210 48
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
§1,420,374 46
233,522 03
$1,186,852 43
80,000 00
358,691 19
132,280 10
56,870 41
140,747 25
$1,955,441 38
HARTFORD FIRE INSURANCE CO.
249
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$289,167,391 00 $2,940,872 23
. 267,751,892 00 2,747,205 77
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$556,919,283 00 $5,688,078 00
. 223,697,913 00 2,368,916 65
$333,221,370 00 $3,319,161 35
. 54,187,219 00 536,151 79
$279,034,151 00 $2,783,009 56
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$38,247,402 00
22,232,996 00
1,145,737 00
3,009,500 00
80,000 00
205,500 00
"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1810. Commenced business August, 1810.]
Paid-up Capital, $1,250,000.
•GEORGE L. CHASE, President. P. C. ROYCE, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
^Etna National Bank, Hartford, . $31,500 00 $58,590 00
American National Bank, Hart., . 15,000 00 21,300 00
Charter Oak Nat'l Bank, Hart., . 20,000 00 20,000 00
City Bank, Hartford, . . . 16,600 00 16,600 00
Conn. River Banking Co., Hart., . 3,000 00 5,000 00
Conn. T. & S. Deposit Co., Hart., . 31,400 00 86,350 00
Farm. & Mech. Nat'l Bank, Hart., . 12,200 00 14,640 00
First National Bank, Hartford, . 17,200 00 21,500 00
Hartford National Bank, Hart., . 55,600 00 75,060 00
National Exchange Bank, Hart., . 2,000 00 2,480 00
Phoenix National Bank, Hart, . 46,700 00 57,441 00
State Bank, Hartford, . . . 10,000 00 12,500 00
American Ex. Nat'l Bank, N. Y., . 20,000 00 58,000 00
Bank of America, N. Y., . . . 15,000 00 80,250 00
Bank of North America, N. Y., . 10,000 00 27,500 00
Imp. & Trad. Nat'l Bank, N. Y., . . 30,000 00 180,000 00
Manhattan Co. Bank, N. Y., . . 10,000 00 30,500 00
Merchants' Nat'l Bank, N. Y., . 16,700 00 31,730 00
Nat'l Bank of Commerce, N. Y., . 10,000 00 36,500 00
315 shares
300
(t
200
11
166
(1
100
It
314
It
122
It
172
II
556
It
40
It
467
It
100
II
200
It
150
it
100
II
300
II
200
If
334
(1
100
it
250
HARTFORD FIRE INSURANCE CO.
39 shares Atlantic Nat 1 ! Bank, Boston,
125 " Boylston Nat'l Bank, Boston,
100 " First National Bank, Boston,
32 " Nat'l Bank of Commerce, Boston
109 " Second National Bank, Boston,
50 " First National Bank, Albany,
150 " Bank of Montreal, Montreal,
43| " Ontario Bank, Toronto,
847 " Chic, Mil. & St. Paul R.R. Co.,
1,050 " Chic. & Northwestern R.R. Co.,
300 " Chic, Rock Is. & Pacific R R. Co.
1,000 " Conn. & Pass. River R.R. Co.,
20 " Connecticut River R.R. Co, .
575 " N.' Y. Cent. & Hud. River R.R. Co ,
1,875 " N. Y, N. H. & Hartford R.R. Co.
500 " N. Y, Lack. & Western R.R. Co ,
30 " Union Pacific R.R,
Alabama State bonds, ....
Georgia State bonds, ....
Mexico External gold bonds, .
Virginia Century bonds, ....
City of Toronto debenture bonds, .
Montreal Corporation bonds, .
Richmond, Va, city bonds,
Albany & Susquehanna R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Belt R.R. and Stock Yards bonds of Indiana ,
Brooklyn Union Elevated bonds,
Canadian Pacific R.R. bonds, .
Chesapeake & Ohio R.R. bonds,
Chicago & Western Indiana R.R. bonds, .
Chicago & Northwestern R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Great Western R.R bonds,
Chicago, Milwaukee & St. Paul bonds, .
Chicago & Erie R.R. bonds,
Cincinnati, Dayton & Chicago bonds,
Cin, Indianapolis, St. Lo. & Chic. R.R. bonds
Cin, Hamilton & Dayton R.R. bonds,
Cleve, Cin, Chicago & St. Louis bonds, .
Cleve , Col, Cin. & Indianapolis R.R. bonds,
Connecticut River R.R. bonds, .
Central R.R. of New Jersey bonds, .
Dayton & Michigan R.R. bonds,
Detroit, Grand Rapids & Western bonds,
Easton & Amboy R.R. bonds, .
Harlem River & Port Chester R.R. bonds,
Hartford Street R'y Co. bonds,
Par Value.
83,900 00
12,500 00
10,000 00
3,200 00
10,900 00
5,000 00
30,000 00
4,333 33
84,700 00
105,000 00
30,000 00
100,000 00
2,000 00
57,500 00
187,500 00
50,000 00
3,000 00
10,000 00
25,000 00
108,640 00
10,500 00
39,906 66
62,500 00
52,500 00
50,000 00
50,000 00
84,000 00
75,000 00
48,666 00
75,000 00
389,000 00
331,000 00
55,000 00
43,000 00
100,000 00
100,000 00
50,000 00
119,000 00
55,000 00
270,000 00
8,000 00
1,000 00
250,000 00
60,000 00
41,000 00
150,000 00
50,000 00
100,CO0 00
Market Value.
84,758 00
13,140 62
17,500 00
4,160 00
19,919 75
7,600 00
78,000 00
5,503 33
148,641 12
219,550 00
45,450 00
105,000 00
5,600 00
96,025 00
397,500 00
68,000 00
2,700 00
10,850 00
26,500 00
109,726 40
10,185 00
40,704 79
67,500 00
55,387 50
55,437 50
51,500 00
96,600 00
75,562 50
55,965 90
90,750 00
461,745 00
365,337 50
59,900 00
46,010 00
125,000 00
123,250 00
51,000 00
126,14" 00
61,325 00
277,000 00
10,560 00
1,000 00
335,000 00
66,600 00
41,000 00
172,500 00
52,000 00
106,000 00-
HARTFORD FIRE INSURANCE CO.
251
Indianapolis & Vincennes R.R. bonds,
Iowa Falls & Sioux City R.R. bonds,
Jefferson R.R. bonds,
Lehigh Valley R.R. bonds,
Lehigh Valley R.R. of N. Y. bonds,
Minneapolis Union R.R. bonds,
Milwaukee, Lake Shore & Western R.R. b'ds
North'n Pacific, Gt. North., C. B. & Q. bonds,
Northern Pacific R.R. bonds, .
North. Pac , St. Paul & Duluth Div. P. M. b'ds
N. Y. Central & Hudson River R.R. bonds,
N. Y., N. H. & Hartford R.R. certificates,
Philadelphia & Reading R.R. bonds,
Port Reading R.R. bonds,
St. Paul & Northern Pacific R.R. bonds, .
St. Louis, Iron Mt. & Southern U. & F. bonds
St. Louis & San Francisco bonds,
St. Louis Southern R.R. bonds,
Southern Pacific R.R. of California bonds,
Southern R'y Co , St. Louis Division, bonds,
Terminal R'y Association of St. Louis bonds,
Union Pacific R.R. bonds,
Utah & Northern R.'R. bonds, .
Wabash R R. bonds, ....
West Shore R.R. bonds, .
120 shares Connecticut River Co., .
825 " New York Dock Co.,
500 " Northwestern Telegraph Co ,
New York Dock Co. bonds,
Securities held as collateral for cash loans
30 shares Chicago & Northwestern R.R. Co.,
64 " Billings & Spencer, .
Par Value.
§78,000 00
100,000 00
143,000 00
310,000 00
150,000 00
50,000 00
50,000 00
200,000 00
80,000 00
100,000 00
50,000 00
75,000 00
75,000 00
50,000 00
86,000 00
100,000 00
50,000 00
50,000 00
100,000 00
100,000 00
75,000 00
50,000 00
50,000 00
60,000 00
100,000 00
12,000 00
82,500 00
25,000 00
82,500 00
Market Value.
§90,480 00
138,500 00
150,865 00
373,350 00
165,750 00
64,500 00
63,500 00
197,000 00
84,600 00
100,500 00
51,500 00
153,750 00
94,125 00
54,500 00
112,660 00
95,000 00
58,500 00
53,000 00
110,000 00
101,000 00
86,250 00
51,500 00
58,750 00
58,800 00
115,000 00
3,000 00
33,000 00
31,250 00
75,900 00
1,470,145 99 §8,132,555 91
Market Value. Loaned Thereon.
$7,050 00 §3,800 00
2,048 00 1,000 00
§9,098 00 §4,800 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . §942,500 00
Loans on mortgage of real estate (first liens *) , 79^,200 00
Interest due or accrued thereon, . . . 11,305 85
Stocks, bonds, etc., as per schedule, . . . 8,132,555 91
Loans on collateral security, as per schedule, . 4,800 00
Cash in the office of the company, . . . 47,160 57
Cash deposited in bank, 677,999 63
Interest due and accrued, 47 72
* Value of property mortgaged, $2,072,950 00
Amount of insurance held as collateral, .... 600,70000
252
HARTFORD FIRE INSURANCE CO.
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$1,387,169
1,483
16,443
53
42
29
$12,014,665 92
336,191 50
$11,678,474 42
$309,182
723,618
63,591
6,805,180
208,075
26
06
01
11
43
§8,109,646
241,171
87
73
- 7,868,475 14
. |3,809,999 28
. 1,250,000 00
. $2,559,999 28
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Profit on sale of securities,
Income from all other sources,
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct reinsurance,
■
Net cash paid for fire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for loss on sale of securities, .
for incidentals,
Gross cash expenditures, .
$1,506,7.03
12,234,357
41
23
$13,741,060
' 1,387,169
64
53
$12,353,891
2,572,898
11
02
sources,
$9,780,993 09
39,050 54
323,468 08
17,285 53
2,333 50
107 00
$10,163,237 74
$6,039,448
391,815
20
34
$5,647,632 86
400,000 00
1,726,534 83
545,602 99
214,256 40
7,599 59
1,221,207 65
$9,762,834 32
HOME INSURANCE CO.
253
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$980,451,432 00 $11,043,562 33
1,090,235,332 00 12,234,357 23
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
1,070,686,764 00 $23,277,919 56
842,419,534 00 9,493,739 24
81,228,267,230 00 $13,784,180 32
18,455,939 00 234,233 74
§1,209,811,291 00 $13,549,946 58
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,-
Dividends declared during the year (32 per cent.),
Company's stock owned by directors, ....
$123,740,818 00
73,443,482 00
5,684,066 00
10,338,100 00
400,000 00
186,600 00
"HOME INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1853. Commenced business April 13, 1853.]
Paid-up Capital, $3,000,000.
JOHN H. WASHBURN, President.
A. M. BURTIS,
TVM. H. CHENEY,
Detailed Statement of Stocks and Bonds,
Par Value.
District of Columbia bonds $1,000,000 00
United States bonds, 600,000 00
New York city bonds, 1,000,000 00
City of Richmond, Va., bonds, .... 50,000 00
State of Georgia bonds, 25,o00 00
Northern Pacific, Great Northern joint bonds, 600,000 00
N. Y., Chic. & St. Louis R.R. Co. bonds, . . 112,000 00
Ohio & West Virginia R'y Co. bonds, . . 100,000 00
Cleve., Col., Cin & Indianap. R.R. bonds, . 100,000 00
Louisville, New Albany & Chic. R'y bonds, . 100,000 00
West Shore R'y bonds 100,000 00
Jeffersonville, Madison & Ind. R.R. Co. bonds, 53,000 00
Virginia Midland R'y Co bonds, . . . 50,000 00
Cleve. Term. & Valley R.R. Co. bonds, . . 50,000 00
Louisville, Hend & St Louis R'y Co. bonds, . 25.000 ('0
Union Pacific R.R. bonds 20,000 00
Standard (ias Light Co. bonds, . . . 50,000 00
Des Moines Water Works Co. bonds, . . 50,000 00
Denver Union Water Co. bonds, . . . 48,<j00 00
Secretaries.
Market Value.
$1,250,000 00
822,000 00
1,032,000 00
56,000 00
26,000 00
570,000 00
119,840 00
116,000 00
130,000 00
115,000 00
111,000 00
58,300 00
56,000 00
47,500 00
26,500 00
21,200 00
57,500 00
43,000 00
45,120 00
254
HOME INSURANCE CO.
15,000 shares Pennsylvania R.R.,
5,000 " Morris & Essex R.R. Co., .
3,000 " Baltimore & Ohio R.R. Co.,
3,000 " Southern R'y Co.,
3,000 " Louisville & Nashville R'y Co.,
2,650 " United N. J. R R. & Canal Co.,
2,500 " Pitts., Ft. W. & Chic. R'y Co.,
4,500 " Chic., Mil. & St. Paul R'y Co.,
2,000 " Northern Pacific Railway, .
2,000 " Baltimore & Ohio R.R.,
2,000 " Cleveland & Pitts. R.R. Co.,
1,000 " Ch., St. P., Minn. & Om. R'y Co
1,000 " Ft. Wayne & Jack. R.R. Co.,
1,000 " Rensselaer & Saratoga R.R.,
1,000 " Connecticut River R.R. Co.,
1,000 " Chic. & Northwestern R'y Co.,
1,000 " Northern R.R. of New Jersey,
1,000 " Valley R.R. Co., .
1,000 " N. Y., N. Hav. & Hart. R.R. Co.
1,000 " Atch., Top. & Santa Fe R'y,
1,000 " Union Pacific R.R., .
500 " Consolidated Gas Co. of N. Y.,
200 " Amer. Exc. Nat 1 ] Bank of N. Y.
200 " Mercantile Nat'l Bank of N. Y.,
200 " National Bank of Com. in N. Y.
200 " Fourth National Bank of N. Y.,
200 " Manhattan Company, N. Y.,
200 " Mer. Exc. Nat'l B'k of N. Y.,
200 " Nassau Bank,
200 " Chatham Nat'l Bank of N. Y.,
100 " Bank of America, N. Y., .
200 " Franklin Trust Co., Brooklyn,
50 " Metropolitan Trust Co.,
150 " Long Island Loan & Tr. Co.,
Par Value.
i,000 00
250,000 00
300,000 00
300,000 00
300,000 00
265,000 00
250,000 00
450,000 00
200,000 00
200,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
50,000 00
20,000 00
20,000 00
20,000 00
20,000 00
10,000 00
10,000 00
10,000 00
5,000 00
10,000 00
20,000 00
5,000 00
15,000 00
Market Value.
81,102,500 00
475,000 00
279,000 00
270,000 00
309,000 00
728,750 00
475,000 00
782,500 00
200,000 00
208,000 00
190,000 00
190,000 00
140,000 00
200,000 00
260,000 00
225,000 00
95,000 00
120,000 00
210,000 00
100,000 00
85,000 00
107,500 00
52,000 00
51,000 00
70,000 00
47,000 00
30,000 00
13,000 00
18,000 00
16,000 00
50,000 00
60,000 00
23,750 00
39,000 00
$8,713,000 00 $11,924,960 00
Summary of Assets Dec. 31, 1901.*
Cash value of unencumbered real estate, . $1,633,892 06
Loans on mortgage of real estate (first liens f), 128,750 00
Interest due or accrued thereon, . . . 2,587 00
Stocks and bonds, as per schedule, . .. . 11,924,960 00
* The company hold6 also instalment premium notes to the amount of $995,394.57, which
do not enter into or form any part of the assets of the company, as no portion of them ia
earned. Whatever value is attached to them would necessarily be counterbalanced by
the addition of an amount exactly equal to the reinsurance liability, the entire sum con-
sisting of " unearned premiums."
t Value of lands mortgaged S16S.950 00
Value of buildings thereon 144,900 00
Amount of insurance held as collateral, .... 125,300 00
HOME INSURANCE CO.
255
■Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,.
Prems. more than three mos. due, $14,881 33
Gross assets,*
Deduct special deposits in other States, .
$743,517 01
51,076 04
770,905 37
182 25
$15,255,869 73
144,500 00
Balance, $15,111,369 73
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
$179,537 00
1,170,449 05
68,187 65
$1,418,173 70
646,533 02
$77 1,640 68
5,060,677 00
61,676 78
455,532 39
16,805 34
^6,366,332 19
129,211 45
6,237,120 74
. $8,874,248 99
. 3,000,000 00
. $5,874,248 99
$908,729 04
8,524,049 00
$9,432,778 04
647,196 10
$8,785,581 94
2,845,922 46
$95,248 04
561,216 69
$656,464 73
138,772 85
$517,691 88
286,823 23
$5,939,659 48
230,868 65
* Including $1,500,000 special reserve held under New York laws.
256
HOME INSURANCE CO.
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Income from profit and loss account,
Gross cash income,
#8,954 91
427,050 8a
197,187 20
57,168 09
$6,860,889 13
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for profit and loss account,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$4,378,098
1,405,520
80
16
$2,972,578 64
$280,819
174,725
81-
76
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
§1,085,857,297 00
923,613,699 00
106,094 05
390,000 00
1,037,663 1£
409,784 90
183,630 85
89,213 89
479,316 80
$5,668,282 32
Premiums.
$9,946,750 00
8,524,049 00
$2,009,470,996 00 $18,470,799 00
836,633,728 00 7,438,992 00
$1,172,837,268 00 $11,031,807 00
209,645,118 00 1,635,100 CO
$963,192,150 00 $9,396,707 00
$19,451,706 00
69,208,374 00
$540,192 00
561,216 69
$88,660,080 00 $1,101,408 69
69,521,264 00 582,450 69
$19,138,816 00 $518,958 00
5,768,791 00 151,939 00
$13,370,025 00 $367,019 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fi re losses incurred during the year,
.Marine and inland losses incurred during the year,
i dividends declared from organization of company
Dividends declared during the year (13 per cent.),
Company's stock owned by directors,
$139,993,258 00
82,425,949 00
3,281,941 00
181,113 00
11,605,000 00
390,000 00
146,500 00
HOME FIRE AND MARINE INSURANCE CO.
257
"HOME FIRE AND MARINE INSURANCE COMPANY OF
CALIFORNIA," SAN FRANCISCO, CAL.
[Incorporated September, 1864. Commenced business 1864.J
Paid-up Capital, $300,000.
WM. J. DUTTON, President. STEPHEN D. IVES, Secretary.
Detailed Statement of Stocks
Dalles City (Ore.) Water Co. bonds,
Market St. Railway Co. bonds,
Oakland Gas & Elec. Heat Co. bonds,
Stockton Gas & Electric Co. bonds, .
The Omnibus Cable Co. bonds,
San Francisco & North Pacific R.R. Co. bonds
Spring Valley Water Co. bonds, • .
Sunset Telephone & Telegraph Co. bonds,
San Fran. & San Joaquin Valley R'y Co. b'ds
Northern Railway Co. of Cal. bonds,
Presidio & Ferries R.R. bonds,
The Southern Pacific R.R. Co. of Arizona b'ds
Northern California Railway Co. bonds,
Los Angeles Railway Co. bonds,
Sunset Telephone & Telegraph Co. bonds,
American Hawaiian S. S. Co. bonds,
Edison Elec. Light Co. (Los Angeles) bonds,
San Francisco Dry Dock Co. bonds,
Bay Counties' Power Co. bonds,
Southern Pacific Branch bonds,
North Pacific Coast R.R. Co. bonds,
Republic of Hawaii (Guaranteed) bonds,
50 shares Far. & Merch. Sav. B'k, Oak., Cal
25 '
200 '
20 '
490
270
100
150
64
34
100
5
Bank of California, San Francisco
Oak. Gas Light & H. Co., Oak., Cal.
First National Bank, San Francisco
San Fran. G. & Elec. Co., San Fran.
Market St. R'y Co., San Francisco,
San Jose Water Co., San Jose, Cal.
Spring Valley W. Works, San Fran.
California St. Cable R.R. Co.,
Anglo-Cal. B'k, lim., San Fran., Cal.
Presidio & Ferries R.R. Co., .
Sutter St. R'y Co., San Francisco,
and Bonds.
Par Value.
$ 10,000 00
44,000 00
14,000 00
10,000 00
10,000 00
21,000 00
10,000 00
10,000 00
25,000 00
10,000 00
11,000 00
15,000 00
5,000 00
39,000 00
26,000 00
10,000 00
5,000 00
20,000 00
10,000 00
7,000 00
20,000 00
10,000 00
5,000 00
2,500 00
14,000 00
2,000 00
49,000 00
13,500 00
10,000 00
15,000 00
3,840 00
1,700 00
5,500 00
500 00
Market Value.
$10,800 00
53,900 00
15,890 00
10,300 00
13,000 00
24,150 00
11,200 00
11,800 00
30,625 00
11,300 00
11,110 00
17,025 00
5,625 00
46,215 00
28,600 00
10,500 00
5,000 00
22,000 00
10,850 00
9,555 00
21,450 00
10,000 00
6,000 00
10,500 00
10,300 00
6,500 00
20,090 00
24,300 00
10,500 00
12,900 00
9,600 00
2,720 00
3,500 00
500 00
1464,540 00 $508,305 00
258
HOME FIRE AND MARINE INSURANCE CO.
Securities held as collateral for cash loans : —
600 shares Sutter St. R.R. Co.,
20 " California Title Ins. & Trust Co., .
50 " Kahuka Plantation Co., .
Southern Pacific R.R. Co. of California bonds,
Market Value. Loaned Thereon.
$ 60,000 00
1,600 00
3,200 00
2,260 00
$37,000 00
1,000 00
1,000 00
1,000 00
$65,060 00 $40,000 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$140,250 00
232,985 00
1,549 40
508,305 00
40,000 00
18,684 33
92,747 43
144 00
145,658 70
£1,180,323 86
50,800 00
Balance $1,129,523 86
Liabilities.
Losses adjusted, unpaid, $8,749 13
claimed and reported, .... 25,585 80
disputed or resisted, .... 3,750 00
Total amount of losses, $38,084 93
Less reinsurance, 5,379 89
Net amount of unpaid losses, .... $32,705 04
Unearned premiums on outstanding risks, . 481,475 31
Commissions and brokerage, .... 20,964 50
Reinsurance disallowed, 9,937 67
Miscellaneous, 1,526 69
Gross liabilities, except capital, . . $546,609 21
Deduct liability on special deposits, . . . 19,700 49
$526,908 72
Surplus as regards policy holders, $602,615 14
Paid-up capital, 300,000 00
Surplus over capital, $302,615 14
* Value of lands mortgaged $437,200 00
Value of buildings thereon, 172,000 00
Amount of insurance held as collateral, .... 100,100 00
HOME FIRE AND MARINE INSURANCE CO.
259
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection, ..
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$93,609 64
869,731 24
|963,340 88
131,726 63
$831,614 25
221,818 62
$14,546 59
107,056 84
$121,603 43
13,932 07
107,671 36
19,365 36
sources,
|609,795 63
$88,306 00
18,413 93
19,478 26
6,855 75
$742,849 57
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid, . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$340,747 61
59,643 77
$74,727 89
1,518 89
$281,103 84
$73,209 00
36,000 00
120,918 10
80,727 30
13,540 61
40,189 92
$645,688 77
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
. $57,300,204 00 $747,838 32
. 63,242,990 00 869,731 24'
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$120,543,194 00 $1,617,569 56
. 50,269,815 00 677,867 18
. $70,273,379 00 $939,702 38
. 6,628,026 00 99,856 19
,645,353 00 $839,846 19
260
HOPE MUTUAL FIRE INSURANCE CO.
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
, $2,043,555 00
11,596,269 00
$13,639,824 00
11,962,669 00
$1,677,155 00
93,650 00
Premiums.
$56,132 37
107,056 84
$163,189 21
111,142 28
$52,046 93
5,558 40
$1,583,505 00 $46,488 53
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent),
Company's stock owned by directors, ....
$11,751,940 00
5,523,395 00
284,864 00
67,663 00
1,092,500 00
36,000 00
1,400 00
"HOPE MUTUAL FIRE INSURANCE COMPANY/'
PROVIDENCE, R. I.
[Incorporated March, 1875. Commenced business April, 1875.]
LEWIS T. DOWNES, President. JOSEPH T. DAY, Secretary.
Detailed Statement of Stocks
200 shares Chicago & Northwestern R.R.,
132 '
294 '
150 •'
70 *
100 •
' Chicago, Rock Is. & Pacific R.R.,
' Pennsylvania R.R., .
• Illinois Central R.R.,
' Rensselaer & Saratoga R.R., .
• Union Gas & Electric Co.,
N. Y., West Shore & Buffalo R.R. bonds,
Northern Pacific-Gt. Northern R'v bonds,
and Bonds.
Par Value.
$20,000 00
13,200 00
14,700 00
15,000 00
7,000 00
10,000 00
2,000 00
22,000 00
Market Value.
841,200 00
20,196 00
22,050 00
15,975 00
15,155 00
10,000 00
2,280 00
21,790 00
$103,900 00 $148,646 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash loans, ....
in the office of the company,
deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
$8,000 00
100 00
148,646 00
43,227 62
1,051 11
21,305 24
1,911 29
9,006 90
$233,248 16
• Value of property mortgaged, .
Amount of insurance held as collateral,
| a, '260 00
6,000 00
HOPE MUTUAL FIRE INSURANCE CO.
261
Liabilities.
Losses adjusted, unpaid, $732 63
Losses claimed and reported, .... 13,608 69
Unearned premiums on outstanding risks, . 125,722 57
State and local taxes, 4,952 53
Gross liabilities,
Net cash assets, .
Income.
Premiums outstanding Dec. 31, 1900, . . $4,835 41
Premiums on risks written or renewed, . . 266,823 19
Total, $271,658 60
Premiums now in course of collection, . . 9,006 90
Entire premiums collected, .... $262,651 70
Less reinsurance and return premiums, . . 16,423 28
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
Cash paid for losses, $89,574 08
Deduct salvage, 127 52
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspections,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1900, $29,818,243 00 $263,396 65
Risks written during 1901, . 31,222,169 00 266,823 19
$145,016 42
,231 74
$246,228 42
1,398 26
400 00
8,784 06
$256,810 74
Total, $61,040,412 00 $530,219 84
Risks terminated during 1901, . 32,311,438 00 278,774 71
1,446 56
187,205 06
8,300 00
5,621 16
878 00
5,054 02
3,049 98
$299,554 78
Conting't Prem's.
$1,316,983 25
1,334,115 95
$2,651,099 20
1,393,873 55
In force at end of year,
$28,728,974 00 $251,445 13 $1,257,225 65
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 71.22 per cent.
$102,219 00
262
INDEMNITY FIRE INSURANCE CO.
"INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated 1897. Commenced business Oct. 1, 1898.]
Paid-dp Capital, $200,000.
J. MONTGOMERY HARE, President. J. H. BURGER, { secretaries
H. B. ANTHONY,
Detailed Statement of Stocks, Bonds, etc.
United States bonds, ....
New York city loan,
New York State loan,
Norfolk & Western R'y stock, .
Southwestern R.R. Co. of Georgia stock,
Twin City Rapid Transit R'y Co. stock,
Allegheny & Western R'y stock,
Union Pacific R'y Co. stock,
Summary of Assets Dec
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, $ 1,145 68
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
Par Value.
$100,000 00
100,000 00
25,000 00
30,000 00
10,000 00
10,000 00
5,000 00
40,000 00
Market Value.
$108,750 00
99,656 25
26,000 00
27,450 00
11,500 00
15,700 00
6,250 00
35,500 00
$320,000 00 $330,806 25
31, 1901.
$330,806 25
150 15
19,290 91
2,350 00
25,566 43
1 51
$378,165 25
$10,946 26
8,054 03
2,100 00
$21,100 29
4,564 78
$16,535 51
114,796 22
1,205 97
1,533 12
5,462 07
1,872 52
141,405 41
$236,759 84
200,000 00
$36,759 84
INDEMNITY FIRE INSURANCE CO.
263
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$26,774 65
275,257 63
Total, $302,032 28
Premiums now in course of collection, . . 26,712 11
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Profit on sale of stocks and bonds, .
$275,320 17
92,743 09
$182,577 08
7,867 28
15,335 25
Gross cash income, $205,779 61
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$165,447 08
33,017 32
Gross cash expenditures,
$132,429 76
37,183 71
15,208 54
3,528 80
15,738 27
$204,089 08
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $17,062,535 00 $190,949 37
Fire risks written during 1901, . . . 23,562,780 00 275,257 63
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$40,625,315 00 $466,207 00
17,398,864 00 199,642 18
$23,226,451 00 $266,564 82
3,869,678 00 50,319 99
. $19,356,773 00 $216,244 83
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$408,497 00
236,794 00
133,526 00
3,500 00
264
THE INDIANAPOLIS FIRE INSURANCE CO.
"THE INDIANAPOLIS FIRE INSURANCE COMPANY/'
INDIANAPOLIS, IND.
[Incorporated July 12, 1899. Commenced business Sept. 1, 1899.]
Paid-up Capital, $200,000.
JOHN H. HOLLIDAY, President. JOHN M. SPAHH, Secretary.
United States bonds,
Shelby County, Indiana, bonds,
Anderson, Ind., city bonds,
Vincennes, Ind., city bonds,
Brazil, Ind , city bonds, .
Irvington, Ind., city bonds,
Detailed Statement of Bonds.
Par Value.
|50,000 00
10,000 00
24,500 00
11,000 00
3,000 00
8,000 00
Market Value.
154,250 00
10,964 00
27,223 35
11,498 30
3,160 20
8,294 40
$106,500 00 $115,390 25
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), $208,785 00
Interest due or accrued thereon, . . 3,636 31
Bonds, as per schedule, 115,390 25
Cash in the office of the company, . . . 5,871 00
Cash deposited in bank, 23,287 36
Interest due and accrued, 681 32
Premiums in course of collection (gross), . 15,442 68
Gross assets, $373,093 92
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$4,065 18
2,973 00
71,486 68
2,573 78
1,529 78
5,410 33
88,038 75
£285,055 17
200,000 00
Surplus over capital, $85,055 17
* Value of lands mortgaged 1422,125 00
Value of buildings thereon, 243,200 00
Amount of insurance held as collateral, .... 172,29000
THE INDIANAPOLIS FIRE INSURANCE CO.
265
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$7,302 31
145,684 85
Total $152,987 16
Premiums now in course of collection, . . 12,868 80
Entire premiums collected, .... $140,118 36
Less reinsurance and return premiums, . . 26,812 94
Net cash fire premiums received, . . . $113,305 42
Interest received on mortgages, 8,322 02
Interest and dividends received from all other sources, . . 4,238 40
Profit on sale of bonds, 4,312 50
Gross cash income, $130,178 34
Expenditures.
Cash paid for fire losses, $45,638 32
Deduct reinsurance, 7,172 68
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Gross cash expenditures,
$38,465 64
23,484 61
11,177 00
5,035 31
6,965 78
$85,128 34
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $4,673,332 00 $53,699 97
Fire risks written during 1901, . . . 11,608,787 00 145,641 35
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$16,282,119 00 $199,341 32
5,838,570 00 61,967 58
$10,443,549 00 $137,373 74
822,104 00 10,955 54
),621,445 00 $126,418 20
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$195,372 00
64,373 00
52,594 00
18,300 00
266
THE INSURANCE CO. OF NORTH AMERICA.
" PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY
OF NORTH AMERICA," PHILADELPHIA, PA.
[Incorporated April 14, 1794. Commenced business as an association in 1792.]
Paid-up Capital, $3,000,000.
CHARLES PLATT, President. GREVILLE E. FRYER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Territory of New Mexico bonds, . . . £2,000 00 $2,360 00
Georgia State loan, 25,000 00 28,250 00
Grant County, New Mex., bonds, . . . 8,000 00 8,000 00
Boston, Mass., city bonds, .... 112,000 00 123,200 00
Baltimore, Md., city bonds 200,000 00 200,000 00
County of Colfax, New Mex., bonds, . . 100 00 100 00
City of Columbus, O., bonds, .... 25,000 00 25,500 00
Cincinnati city bonds 20,000 00 20,300 00
City of Portland, Ore., bonds 50,000 00 60,000 00
Richmond, Va., city bonds 53,000 00 56,180 00
City of Montreal, Can., bonds 111,000 00 124,320 00
Toledo, O., water works bonds, . . . 1,000 00 1,020 00
City of Raton, New Mex., bonds, ... 200 00 200 00
County of Delaware, Pa., bonds, . . . 50,000 00 50,500 00
Atchison, Topeka & Santa Fe R'y bonds, . 100,000 00 103,000 00
Baltimore & Ohio R.R. bonds, .... 190,000 00 183,200 00
Belt R.R. & Stockyard Co. bonds, . . . 50,000 00 56,000 00
Bergen pounty R.R. bonds, .... 50,000 00 56,000 00
Baltimore & Potomac R.R. bonds, . . 5,000 00 5,900 00
Cleveland, Lorain & Wheeling R'y bonds, 50,000 00 59,000 00
Cincinnati, Hamilton & Dayton R.R. bonds, . 50,000 CO 55,000 00
Camden & Atlantic R.R. bonds, . . . 50,000 00 52,500 00
Chic, St. Louis & New Orleans R.R. bonds, . 50,000 00 50,000 00
Chicago, Rock Island & Pacific R'y bonds, . 100,000 00 107,000 00
Chicago & Erie R.R. bonds, .... 50,000 00 60,500 00
Chicago & Western Indiana R R. bonds, . . 18,000 00 19,620 00
Choc, Oklahoma & Gulf R.R. bonds, . . 100,000 00 110,000 00
Choctaw & Memphis R.R. bonds, . . . 50,000 00 57,500 00
Delaware River R.R. & Bridge Co. bonds, . 50,000 00 54,000 00
Delaware & Chesapeake R'y bonds, . . 100,000 00 100,000 00
Empress Elizabeth R'y of Austria bonds, . 40,000 00 40,000 00
Erie R.R. bonds, 125,000 00 125,000 00
Jefferson R.R. bonds, 39,000 00 40,950 00
Lehigh Coal & Navigation Co. bonds, . . 100,000 00 106,000 00
Lehigh Valley R.R. bonds, .... 50,000 00 53,000 00
Lehigh Valley R'y bonds, .... 50,000 00 54,000 00
Lehigh Valley Terminal R'y bonds, . . 40,000 00 46,400 00
Louisville & Nashville R.R. bonds, . . . 54,000 00 60,480 00
THE INSURANCE CO. OF NORTH AMERICA.
267
McKeesport & Bell Vernon R.R. bonds, .
N. Y., Lake Erie & Western R.R. bonds,
N Y , Philadelphia & Norfolk R.R. bonds,
Norfolk & Western R'y bonds,
North Pennsylvania R.R. bonds,
Northern Central R'y bonds,
Northern Pacific R'y bonds,
Pennsylvania R.R. bonds,
Pennsylvania & N. Y. Canal & R.R. bonds,
Philadelphia & Baltimore Cent. R.R. bonds,
Philadelphia & Erie R.R. bonds,
Philadelphia & Reading R.R. bonds,
Pitts., McKeesport & Yough. R.R. bonds,
Read. Co. & Phil. & Read. C'l & Pn Co. bonds
San Antonio & Aransas Pass R'y bonds, .
Steubenville & Indiana R.R. bonds,
Terminal R.R. Association of St. Louis bonds
Texas & Pacific R.R. bonds,
Tioga R.R. bonds,
Union Pacific R.R. bonds, .
West Shore R.R. bonds, .
Western N. Y. & Penn. R'y bonds,
Wilmington & Weldon R.R. bonds,
Consolidated Traction Co., N. J., bonds, .
Equitable Illuminating Gas Light Co. bonds,
Prospect Brewing Co. bonds, .
Car Trust of N. Y. bonds,
Belgian government fund bonds, . ,
Jersey City, Hoboken & Pater. St. R'y bonds,
Lehigh Valley Traction Co. bonds, .
New York Dock Co. bonds,
100 shares Philadelphia National Bank,
70
500
100
1,000
1,000
165
Philadelphia Bourse, .
North Penn. R.R. Co., .
Del. & Bound Brook R.R., .
Philadelphia Traction Co., .
United Gas Improvement Co.,
New York Dock Co., .
Par Value.
$20,000 00
200,000 00
50,000 00
150,000 00
5,000 00
8,000 00
200,000 00
50,000 00
75,000 00
100,000 00
150,000 00
200,000 00
50,000 00
150,000 00
21,000 00
200,000 00
40,000 00
18,000 00
5,000 00
150,000 00
25,000 00
100,000 00
50,000 00
100,000 00
150,000 00
25,000 00
2,000 00
49,000 00
50,000 00
50,000 00
16,500 00
10,000 00
2,750 00
25,000 00
10,000 00
50,000 00
50,000 00
16,500 00
Market Value.
$25,000 00
234,000 00
51,500 00
154,500 00
5,850 00
8,560 00
210,000 00
56,000 00
77,000 00
105,000 00
181,500 00
214,000 00
70,000 00
147,000 00
18,480 00
230,000 00
46,400 00
18,900 00
5,250 00
157,500 00
28,750 00
100,000 00
52,500 00
111,000 00
162,000 00
25,000 00
2,040 00
49,000 00
40,000 00
46,500 00
15,675 00
27,200 00
950 00
54,000 00
20,700 00
98,000 00
116,000 00
8,250 00
$4,842,050 00 $5,328,985 00
Securities held as collateral for cash loans : ■
100 shares Cambria Iron Co , .
50 " Calumet & Hecla Mining Co.,
100 " Consolidated Lake Superior Co., .
600 " Consolidated Traction Co. of N. J.,
100 " Metropolitan Street R'y Co., .
Market Value.
84,825 00
31,000 00
6,675 00
40,500 00
16,100 00
}
Loaned Thereon.
$2,500 00
25,000 00
50,000 00
$99,100 00 $77,500 00
268
THE INSURANCE CO. OF NORTH AMERICA.
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance and salvage, .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, ....
Miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
£858,462 90
1,447,623 80
10,543 05
5,328,985 00
77,500 00
1,147,601 51
1,307,206 60
40,128 74
6,606 62
$10,224,658 22
262,160 00
. £9,962,498 22
£183,686 99
604,856 70
37,256 31
£825,800 00
109,300 00
£716,500 00
3,959,922 00
769,243 60
36,000 00
27,458 56
22,988 61
85,532,112 77
157,180 16
5,374,932 61
*4,587,565 61
3,000,C00 00
£1,587,565 61
£740,209 84
6,018,554 72
£6,758,764 56
1,049,184 64
$5,709,579 92
1,220,832 96
£4,488,746 96
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$1,690,331 00
1,S6-2,S99 00
1,391,8SS 00
THE INSURANCE CO. OF NORTH AMERICA.
269
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .
from profit on sale of securities,
from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$306,907 16
2,152,564 31
$2,459,471 47
298,150 70
$2,161,320 77
414,724 42
sources,
$20,136 77
$1,746,596 35
88,995 12
230,877 03
38,252 20
25,249 93
1,660 00
1,620,377 59
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of oflScers and employees,
for State and local taxes,
for expense on real estate,
for incidentals, ....
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
$3,061,524 56
247,205 31
$1,351,709 42
370,451 48
$16,577 28
>,814,S19 25
981,257 94
360,000 00
1,265,586 42
398,292 81
162,468 04
18,635 08
307,265 23
. $6,307,824 77
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$709,421,823 00
578,469,994 00
$1,287,891,817 00
623,714,461 00
$664,177,356 00
40,716,817 00
$623,460,539 00
Perpetual risks in force (not incl'd above), $33,504,813 00
Premiums.
$6,753,403 87
6,018,554 72
$12,771,958 59
5,314,647 03
$7,457,311 56
435,922 57
$7,021,388 99
$846,217 72
270
KINGS COUNTY FIRE INSURANCE CO.
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Premium!.
|5,245,841 00 $235,708 40
362,058,660 00 2,152,564 31
$367,304,501 00 12,388,272 71
362,052,474 00 2,076,021 46
$5,252,027 00 $312,251 25
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
1155,079,788 00
107,964,429 00
2,957,997 00
995,758 00
15,253,934 00
360,000 00
88,110 00
"KINGS COUNTY FIRE INSURANCE COMPANY,' 1 NEW YORK,
N. Y.
[Incorporated Oct. 21, 1858. Commenced business Oct. 21, 1858.]
Paid-up Capital, $200,000.
FRANK LOCK, President. CHRIS J. WOLF, Secretai-y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
§180,000 00 $ 195,525 00
10,000 00 7,500 00
34,000 00 74,460 00
New York city bonds,
Tenth & Twenty-third Sts. Ferry Co. stock, .
Consolidated Gas Co. of New York stock,
$224,000 00 $277,485 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prems. more than three mos. due, $138 24
Gross assets,
$70,000 00
10,100 00
85 17
277,485 00
2,046 14
3,160 92
883 06
35,290 13
392 65
28 34
$399,471 41
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$13,400 00
11,700 00
12,000 00
KINGS COUNTY FIRE INSURANCE CO.
271
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid,
Commissions and brokerage, .
Return premiums and reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$718 38
15,382 00
875 00
$16,975 38
1,367 00
$15,608 38
82,158 27
219 60
9,209 47
5,256 17
8 55
$112,460 44
$287,010 97
200,000 00
Surplus over capital, $87,010 97
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected, . . . ...
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums novv in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
from profit on sale of securities, .
from all other sources,
$22,449 72
293 23
$22,156 49
191,727 23
$213,883 72
35,428 37
$178,455 35
48,797 03
sources,
$129,658 32
511 00
12,184 32
3,168 60
7,440 62
219 60
Gross cash income, $153,182 46
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
$93,680 21
18,199 34
$75,480 87
10,000 00
272
LAFAYFTTE FIRE INSURANCE CO.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $15,590,777 00
. 22,326,098 00
. |37,916,875 00
. 19,137,740 00
. f 18,779,135 00
. 1,838,042 00
$28,500 28
7,227 00
6,103 94
228 42
9,627 82
1137,168 33
Premiums.
|132,091 00
191,727 23
$323,818 23
151,930 84
$171,887 39
18,836 24
.$16,941,093 00 f 153,051 15
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, ....
$3,174,514 00
1,507,319 00
82,574 00
800,263 00
10,000 00
7,340 00
"LAFAYETTE FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Feb. 10, 1897. Commenced business Feb. 11, 1897.]
Paid-up Capital, $200,000.
ALLEN W. ADAMS, President. EDWARD H. BETTS, Secretary.
United States bonds,
New York city bonds,
Union Pacific R.R. bonds,
St. Louis Southwestern R'y bonds,
Baltimore & Ohio R.R. bonds, .
Detailed Statement of Bonds.
Par Value.
$160,000 00
90,000 <5o
15,000 00
15,000 00
10,000 00
Market Value.
$203,200 00
97,800 00
16,050 00
14,550 00
10,300 00
f290,00O 00 $341,900 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, $341,900 00
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
64,627 03
3,158 33
108,671 90
f518,357 26
LAFAYETTE FIRE INSURANCE CO.
273
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$24,946 64
250,593 84
27,167 97
1,399 67
816 77
$304,924 89
$213,432 37
200,000 00
$13,432 37
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
,115 21
3,315 52
$42,799 69
581,520 13
Total, $624,319 82
Premiums now in course of collection, . . 108,671 90
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
$515,647 92
106,968 18
$408,679 74
9,599 13
Gross cash income, . . . . _ . . . . $418,278 87
Expenditures.
Cash paid for fire losses, $234,687 48
Deduct salvage and reinsurance, . . . 9,157 66
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$24,589,692 00
. 46,942,914 00
.$71,532,606 00
. 30,835,586 00
. $40,697,020 00
. 1,121,208 00
$225,529 82
123,837 43
2,055 00
5,671 10
1,510 41
$358,603 76
Premiums.
$277,196 81
581,520 13
$858,716 94
362,877 91
$495,839 03
11,556 08
. $39,575,812 00 $484,282 95
274 THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$1,201,132 00
629,776 00
234,887 00
28,500 00
113,200 00
"THE LIVERPOOL AND LONDON AND GLOBE INSURANCE
COMPANY OF NEW YORK," NEW YORK, N. Y.
[Incorporated 1896. Commenced business 1897.]
Paid-up Capital, $200,iKK).
HENRY W. EATON, President. GEO. W. HOYT, Secretary.
Detailed Statement of Bonds.
Par Value. Market Value.
United States bonds, $35,000 00 $39,243 75
New York city bonds 195,000 00 206,700 00
Union Pacific R.R. bonds 20,000 00 17,750 00
$250,000 00 f263,693 75
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, $263,693 75
Cash deposited in bank, ....
Premiums in course of collection (gross),
Prems. more than three mos. due, $2,140 59
Gross assets
Deduct special deposits in other States, .
Balance,
66,494 64
65,561 24
$395,749 63
11,212 50
$384,537 13
Liabilities.
Losses claimed and reported,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Reserve for contingent liabilities, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
f 11,770 00
1,880 00
$9,890 00
90,092 56
4,929 06
5,000 00
95 26
4,000 00
$114,006 88
10,679 16
103,327 72
1281,209 41
200,000 00
$81,209 41
THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 275
Income.
Fire premiums outstanding Dec. 31, 1900, . $46,389 41
Premiums on risks written or renewed, . . 240,336 91
Total $286,726 32
Premiums now in course of collection, . . 67,701 83
Entire premiums collected, .... $219,024 49
Less reinsurance and return premiums, . . 104,942 74
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Profit on sale of securities,
$114,081 75
9,699 29
7,337 25
Gross cash income, $131,118 29
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$103,723 85
34,150 01
,573 84
23,006 63
3,839 90
4,034 36
3,748 76
$104,203 49
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Risks and Premiums.
Premiums.
.$12,109,429 00 $148,384 87
. 21,342,331 00 240,336 91
$33,451,760 00 $388,721 78
15,818,691 00 176,447 77
$17,633,069 00 $212,274 01
3,975,771 00 48,436 38
$13,657,298 00 $163,837 63
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$259,177 00
134,465 00
67,759 00
3.500 00
276
MANUFACTURERS MUTUAL FIRE INSURANCE CO.
"MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY OF
RHODE ISLAND," PROVIDENCE, R. I.
[Incorporated 1835. Commenced business Dec. 1, 1835.]
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds,
Rhode Island State bonds,
150 shares Providence & Worcester R.R.,
100 " Boston & Providence R.R., .
100 " Rome, Watert'n & Ogden. R.R.,
900 " Pennsylvania R.R., .
59 " Old Colony R.R
413 " Great Northern R'y,
100 " Chic, Mil. & St. Paul R.R., .
100 " Cleve., Cin., Chic. & St. Louis R.R.
110 " Chic, Burlington & Quincy R.R.,
100 " Chicago & Northwestern R.R.,
100 " Union Pacific R.R
120 " Illinois Central R.R.,
210 " American National Bank, Prov.,
100 " National Bank of Commerce,
Par Value.
$10,000 00
5Q,000 00
15,000 00
10,000 00
10,000 00
45,000 00
5,900 00
41,300 00
10,000 00
10,000 00
11,000 00
10,000 00
10,000 00
12,000 00
10,500 00
5,000 00
Market Value.
$13,950 00
55,250 00
44,700 00
30,100 00
13,925 00
67,500 00
12,390 00
76,095 25
18,850 00
11,900 00
21,560 00
20,600 00
9,000 00
16,680 00
10,080 00
5,100 00
$265,700 00 $427,680 25
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$427,680 25
25,972 29
3,722 54
4,719 31
$462,094 39
Liabilities.
Losses claimed and reported, .... $1,511 17
Unearned premiums on outstanding risks, . 147,768 60
State and local taxes, 4,376 63
Gross liabilities,
153,656 40
Net cash assets, $308,437 99
THE MECHANICS INSURANCE CO.
277
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources, .
Gross cash income,
Expenditures.
|3,226 13
306,807 84
$310,033 97
4,719 31
$305,314 66
9,875 10
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspection, .
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1900, $34,095,159 00 $262,232 94
Risks written during 1901, . 39,840,324 00 306,807 84
Total, $73,935,483 00 $569,040 78
Risks terminated during 1901, 35,873,445 00 273,503 58
$295,439 56
14,712 02
$310,151 58
$10,936 48
237,240 62
7,151 05
6,489 43
577 53
4,432 32
1,222 89
$268,050 32
Contlng't Prem's.
$1,311,164 70
1,534,039 20
$2,845,203 90
1,367,517 90
In force at end of year,
.$38,062,038 00 $295,537 20 $1,477,686 00
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 90 per cent.
$12,247 00
" THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 13, 1854. Commenced business May 4, 1854.]
Paid-up Capital, $250,000.
SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Phil., Wilm. & Baltimore R.R. bonds, . . $2,000 00 $2,180 00
Union Passenger R'y bonds, .... 20,000 00 21,600 00
278
THE MECHANICS INSURANCE CO.
Steubenville & Indiana R.R. bonds, .
Borough of Clifton Heights, Pa., bond, .
Schuylkill River East Side R.R. bonds, .
Northern Pacific Terminal bonds, .
Philadelphia & Erie R.R. bonds,
Northern Pennsylvania R.R. bonds, .
The Toledo Elec. St. R'y Co. bonds,
United States bonds,
Consolidated Traction Co. of N. J. bonds,
Second Ave. Traction Co., Pitts., bonds, .
Terminal R.R. Asso. of St. Louis bonds, .
Commonw. of Penn., Allegheny Co., bond,
City of Altoona, Pa., bonds,
Lehigh Valley R.R. bonds,
City of Philadelphia bonds,
Pitts , Cin., Chic. & St. Louis R.R. bonds,
Allegheny Valley R.R. bonds, .
Second Ave. R.R. in the city of N. Y. bonds,
Pennsylvania Co. bonds, ....
Camden & Suburban R'y Co. bonds,
Phila., AVilm. & Bait. R.R. stock tr. cert's,
200 shares F'rrn't Pk. & Hadding. P. R'y Co
100 " Union Passenger R'y Co.,
30 " 13th & loth Sts. Pas. R'y Co.,
20 " 2d & 3d Streets Pas. R'y Co.,
1,000 " Philadelphia Traction Co., .
Par Value.
825,000 00
3,000 00
30,000 00
10,000 00
28,000 00
11,000 00
10,000 00
5,000 00
10,000 00
10,000 00
10,000 00
5,000 00
9,000 00
10,000 00
20,000 00
10,000 00
5,000 00
15,000 00
20,000 00
5,000 00
10,000 00
10,000 00
5,000 00
1,500 00
1,000 00
50,000 00
Market Value.
628,125 00
3,000 00
32,850 00
11,425 00
30,275 00
12,815 00
10,250 00
6,950 00
10,800 00
11,850 00
11,400 00
5,125 00
9,000 00
10,600 00
21,200 00
11,400 00
6,112 50
17,700 00
19,600 00
5,350 00
10,825 00
14,300 00
24,000 00
9,390 00
6,060 00
98,000 00
Securities held as collateral for cash loans : —
Philadelphia City Pas. R'y Co. bonds,
$ 350,500 00 §462,182 50
Market Value.
85,700 00
Loaned Thereon.
$4,500 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Perpetual premiums in course of collection,
Gross assets,
31, 1901.
$81,500 00
276,085 00
4,340 28
462,182 50
4,500 00
636 64
42,126 61
3,999 15
60,299 19
756 50
£936,425 8;
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
S-22-2,350 00
367,450 00
263,725 00
THE MECHANICS INSURANCE CO.
279
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$ 16,456 55
18,895 35
3,482 65
$38,834 55
3,210 18
$35,624 37
164,759 91
265,723 31
14,974 88
13,822 75
8,705 53
$503,610 75
$432,815 12
250,000 00
Surplus over capital, .
. $182,815 12
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Deposits received for perpetual fire risks,
$50,967 31
343,394 07
$394,361 38
60,299 19
$334,062 19
79,320 64
sources,
$13,620 16
$254,741 55
14,860 84
19,060 47
2,405 00
260 00
Gross cash income,
$291,327 86
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
$183,095 93
22,338 72
$160,757 21
20,000 00
71,916 32
280
MECHANICS MUTUAL FIRE INSURANCE CO.
Cash paid for salaries of officers and employees, .
for State and local taxes,
for expense on real estate,
for incidentals,
Deposits returned on perpetual fire risks, . |6,770 99
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. 128,614,728 00
. 30,437,952 00
.$59,052,680 00
. 25,895,535 00
. £33,157,145 00
. 3,989,814 00
.$29,167,331 00
Perpetual risks in force (not incl'd above), . $12,866,343 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$13,879 97
9,948 41
352 56
16,736 25
$293,590 72
Premiums.
$339,495 55
343,394 07
$682,889 62
311,009 33
$371,880 29
48,818 05
$323,062 24
$292,967 59
$3,995,293 00
2,253,985 00
166,592 00
580,660 00
20,000 00
54,850 00
"MECHANICS' MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1871. Commenced business 1S7L]
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary.
Detailed Statement of Stocks
United States bonds, ....
Rhode Island State bonds,
100 shares Rome, Watert'n & Ogden. R.R.,
100
500
207
100
110
100
83
N. Y., Lack. & Western R.R.,
Pennsylvania R.R., .
Great Northern R'y Co., .
Cleve., Cin., Chic. & St. Louis R.R.
Chic, Burl. & Quincy R.R., .
Union Pacific R.R., .
N'l Bank of Com., Prov., R. I.,
and Bonds.
Par Value.
f 15,000 00
50,000 00
10,000 00
10,000 00
25,000 00
20,700 00
10,000 00
11,000 00
10,000 00
4,150 00
Market Value.
$20,925 00
55,250 00
13,925 00
13,800 00
37,500 00
38,139 75
11,900 00
21,560 00
9,000 00
4,233 00
$165,850 00 $226,232 75
MECHANICS MUTUAL FIRE INSURANCE CO.
281
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
31, 1901.
$226,232 75
21,502 11
2,079 23
3,503 39
$253,317 48
Liabilities.
Losses claimed and reported, .... f 784 65
Unearned premiums on outstanding risks, . 96,700 39
State and local taxes, 2,908 07
Gross liabilities,
100,393 11
Net cash assets, $152,924 37
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$2,326 26
201,305 76
Total, $203,632 02
Premiums now in course of collection, . . 3,503 39
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest and dividends received from all sources,
$200,128 63
7,344 76
$192,783 87
7,929 00
Gross cash income, ........ $200,712 87
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspections,
for incidentals,
Gross cash expenditures, .
$6,980
14
153,947
23
4,564 85
4,150
20
367
50
2,880 84
866 01
$173,756
77
Risks and Premiums.
Amount. Cash Prem's. Contlng't Prem'8.
Risks outstanding Dec. 31, 1900, $22,153,938 00 $170,511 63 $852,558 15
Risks written during 1901, . 26,014,249 00 .201,305 76 1,006,528 80
Total, $48,168,187 00 $371,817 39 $1,859,086 95
Risks terminated during 1901, . 23,411,234 00 178,416 62 892,083 10
In force at end of year,
.$24,756,953 00 $193,400 77 $967,003 85
282
mechanics' and traders' INSURANCE CO.
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 90 per cent.
£7,609 00
"MECHANICS 1 AND TRADERS 1 INSURANCE COMPANY," NEW
ORLEANS, LA.
[Incorporated Oct. 15, 1869. Commenced business Nov. 1, 1869.]
Paid-up Capital, $300,000.
JAMES NICHOLS, President. R. L. EMERY, Secretary.
Detailed Statement of Stocks
Louisiana State bonds,
New Orleans city bonds,
New Orleans City & Lake R.R. bonds, .
150 shares People's Bank, New Orleans, .
10 ■
10 '
200 '
50 '
30
Prov. Sav. & Trust Dep. Co., N. O ,
Union Nat'l Bank, New Orleans,
Standard Guano & Chem. MTg Co ,
Standard Cotton Seed Oil Co.,
National Acid Co., ....
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
and Bonds.
Par Value.
8145,000 00
1-42,940 00
6,000 00
15,000 00
1,000 00
1,000 00
20,000 00
2,500 00
3,000 00
Market Value.
£ 156,237 50
160,019 80
6,795 00
15,487 50
1,160 00
1,650 00
40,000 00
3,750 00
3,900 00
8336,440 00 £388,999 80
31, 1901.
$23,700 00
50 00
388,999 80
790 57
37,824 99
53,452 54
3,068 23
$507,886 13
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
$287 24
28,599 14
1,500 00
§30,386 38
5,343 55
£25,042 83
* Value of property mortgaged,
$100 00
mechanics' and traders' INSURANCE CO.
283
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1900
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all sources,
Income from rents, ....
from profit on sale of securities,
from all other sources,
Gross cash income,
|116,410 67
9,487 08
13,628 97
1,390 85
$45,904 17
282,478 04
$328,382 21
44,620 87
$283,761 34
86,141 05
$8,359 66
16,159 74
$24,519 40
8,831 67
$15,687 73
8,311 97
$165,959 80
$341,926 33
300,000 00
$41,926 33
$197,620 29
7,375 76
13,702 93
3,820 91
3,075 00
231 47
$225,826 36
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$141,617 83
26,045 14
$6,382 70
6,001 93
$115,572 69
380 77
40,878 82
12,419 39
8,748 96
21,581 70
$199,582 33
284
MERCANTILE MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Premium!.
Fire risks outstanding Dec. 31, 1900, . . $ 21,447,342 00 $255,95171
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1901, .
Deduct risks expired and terminated,
. 25,173,843 00 282,478 04
. $46,621,185 00 |538,429 75
. 21,202,636 00 255,075 97
. $25,418,549 00 $283,353 78
.3,058,373 00 53,532 88
. $20,360,176 00 $229,820 90
. $3,323,806 00 $16,159 74
. 3,323,806 00 16,159 74
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$7,885,549 00
4,329,725 00
125,633 00
882 00
1,178,337 00
109,600 00
"MERCANTILE MUTUAL FIRE INSURANCE COMPANY."
PROVIDENCE, R. I.
[Incorporated May, 1SS4. Commenced business August, 1SS4.]
HENRY T. GRANT, Jr., President. ALFRED U. EDDT, Secretary.
Detailed Statement of Stocks
15 shares United National Bank, .
14 " Fourth National Bank, .
198 " Illinois Central R.R. Co.,
150 " Rhode Island Investment Co.,
100 " American Express Co., .
30 " Ut, Che. & Susq. Val. R.R. Co.,
100 " Wells Fargo Co., .
Chicago, Burl. & Quincy bonds,
100 shares Boston & Maine R.R.,
118 " Pitts., McKees. & Youg.,
United States bonds,
and Bonds.
Par Value.
$3,000 00
1,400 00
19,800 00
15,000 00
10,000 00
3,000 00
10,000 00
4,000 00
10,000 00
5,900 00
20,000 00
Market Value.
$3,015 00
1,624 00
27,918 00
18,000 00
21,500 00
4,600 00
19,000 00
4,160 00
19,100 00
8,319 00
21,640 00
$102,100 00 $148,876 00
MERCANTILE MUTUAL FIRE INSURANCE CO.
285
Securities held as collateral for cash loans : —
30 shares National Bank of Commerce, .
15 " City National Bank, Worcester,
Lawrence Co , Dak., refunding bond,
Denver Consolidated Electric Co. bond, .
Paid-up policy, Mutual Life Insurance Co.,
Market Value. Loaned Thereon.
31,500 00^
1,500 00
1,000 00
1,000 00 ^
1,872 00
$4,000 00
1,500 00
$6,872 00 $5,500 00
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Miscellaneous,
Gross assets, .
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes,
Gross liabilities,
Net cash assets,
Income
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources, .
31, 1901.
$148,876 00
5,500 00
21 11
18,496 58
1,636 97
8,460 41
503 88
$20,200 00
2,800 oa
94,253 57
3,770 14
$8,513 36
205,890 78
$214,404 14
8,460 41
$205,943 73
15,549 25
$183,494 95
121,023 71
,471 24
$190,394 48
6,427 23
Gross cash income, $196,821 71
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures, ....
$56,265 28
130,119 56
14,409 98
4,032 32
1,350 00
12,103 18
$218,280 27
2S6
THE MERCHANTS INSURANCE CO.
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1900, $22,088,387 00
Risks written during 1901, . 23,514,305 00
Total, $45,602,692 00
Risks terminated during 1901, . 24,015,578 00
Cash Prem's.
6194,777 21
205,890 78
$400,667 99
212,160 84
Contlng't Prem's.
$973,886 05
1,029,453 90
$2,003,339 95
1,060,804 20
In force at end of year,
.121,587,114 00 $188,507 15 $942,535 75
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 66 per cent.
$77,720 00
"THE MERCHANTS' INSURANCE COMPANY OF NEWARK,"
NEWARK, N. J.
[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.]
Paid-up Capital, $400,000.
G. LEE STOUT, President. WM. H. GUERIX, Secretary.
Detailed Statement
United States bonds,
Newark Consolidated Gas Co. bonds,
Newark Gas Co. bonds, .
Newark Pass. R'y Co. bonds, .
Long Branch school bonds,
North Hudson County R'y Co. bonds,
Midland R.R. of New Jersey bonds,
Consolidated Traction Co. bonds,
N. Y., Susquehanna & Western R.R. bonds,
of Bonds.
Par Value.
$50,000 00
10,000 00
100,000 00
70,000 00
4,000 00
50,000 00
75,000 00
90,000 00
10,000 00
Market Value.
$54,250 00
10,500 00
141,500 00
81,900 00
4,200 00
56,500 00
87,000 00
98,550 00
11,550 00
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Bills receivable,
£459,000 00 §545,950 00
31, 1901.
$ 203,9 15 65
300,700 00
3,908 07
545,950 00
2,735 31
43,127 26
1,945 00
141,291 99
200 00
* Value of lands mortgaged $320,025 00
Value of buildings thereon 403,550 00
Amount of insurance held as collateral, .... 324,450 00
THE MERCHANTS' INSURANCE CO.
287
Rents due and accrued, ....
Reinsurance due on losses paid,
Preni's more than three mos. due, $3,782 80
Gross assets,
Deduct special deposits in other States, .
Balance,
8487 33
1,035 44
$1,245,296 05
54,250 00
$1,191,046 05
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .
Income from all other sources,
Gross cash income, .
$49,962 51
50,637 78
12,399 01
$112,999 30
17,742 93
$95,256 37
538,817 26
11,177 20
22,986 68
28,878 73
4,983 24
$702,099 48
12,154 38
$164,723 88
1,283 36
$163,440 52
1,089,389 00
$1,252,829 52
143,791 43
$1,109,038 09
423,240 88
sources, .
689,945 10
$501,100 95
400,000 00
$101,100 95
$685,797 21
15,053 74
29,317 77
9,733 37
33,141 17
$773,043 26
288 merchants' mutual INSURANCE CO. in providence.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
f590,467 49
63,618 23
$526,849 26
24,000 00
127,604 62
107,402 52
42,267 63
48,406 67
Gross cash expenditures, $876,530 70
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$157,642,974 00 $1,562,232 38
97,011,799 00 1,089,389 00
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$254,654,773 00 $2,651,621 38
112,670,915 00 1,313,557 76
$141,983,858 00 $1,338,063 62
. 32,907,485 00 260,418 83
$109,076,373 00 $1,077,644 79
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$19,580,469 00
11,582,351 00
528,075 00
1,132,219 00
24,000 00
79,625 00
"MERCHANTS' MUTUAL INSURANCE COMPANY IN
PROVIDENCE," PROVIDENCE, R. I.
[Incorporated Oct. 12, 1S74. Commenced business Nov. 1, 1874.]
WILLIAM B. McBEE, President. JAMES H. SWEET, Assistant Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Rhode Island State bonds, .... $30,000 00 $33,000 00
United States bonds, 9,000 00 12,510 00
Chicago, Burlington & Quincy R.R. bonds, . 3,000 00 3,140 00
United Traction & Electric Co. bonds, . . 10,000 00 11,400 00
Gt. Northern & North Pacific bonds, . . 29,000 00 28,420 00
merchants' MUTUAL INSURANCE CO. IN PROVIDENCE. 289
200 shares Illinois Central R.R.,
100 " Mahoning Coal Co.,
75 " Hereford Co., ....
50 " Albany & Sus. RR,
100 " • Chicago & Northwestern R.R.,
132 " Chic., Rock Island & Pacific R.R.,
100 " Rome, Watertown & Og. R.R.,
150 " Pennsylvania R.R., .
100 " Morris & Essex R.R.,
50 " Rensselaer & Saratoga R.R., .
50 " Pitts., Ft. W. & Chic. R.R., .
300 " National Bank of North America,
200 " National Bank of Commerce, .
100 " Lime Rock National Bank,
82 " Merchants 1 National Bank,
50 " Old National Bank, .
50 " Mechanics' National Bank,
Par Value.
820,000 00
5,000 00
7,500 00
5,000 00
10,000 00
13,200 00
10,000 00
7,500 00
5,000 00
5,000 00
5,000 00
15,000 00
10,000 00
2,000 00
4,100 00
5,000 00
2,500 00
Market Value.
827,800 00
6,050 00
7,500 00
12,150 00
20,600 00
20,196 00
13,900 00
11,250 00
9,650 00
10,550 00
9,600 00
15,800 00
10,200 00
500 00
5,740 00
4,600 00
2,500 00
$212,800 00 $277,056 00
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, . . . $277,056 00
Cash deposited in bank, 15,595 53
Interest due and accrued, . . . . . 3,750 71
Premiums in course of collection (gross), . 3,323 74
Gross assets,
$299,725 98
Liabilities.
Losses claimed and reported, .... §663 93
Unearned premiums on outstanding risks, . 94,540 61
State and local taxes, 2,808 68
Gross liabilities,
98,013 22
Net cash assets, $201,712 76
Income
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources,
$1,955 60
196,422 93
£198,378 53
3,323 74
$195,054 79
6,419 11
188,635 68
9,959 48
Gross cash income, $198,595 16
290
MICHIGAN FIRE AND MARINE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for inspections, ....
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1900, $21,213,728 00 §169,145 97
Risks written during 1901, . 24,714,268 00 196,422 93
Total f45,927,996 00
Risks terminated during 1901, . 22,366,893 00
$365,568 90
176,487 68
16,010 49
153,319 40
2,757 62
4,564 90
4,017 85
936 42
2,514 21
$174,120 89
Conting't Prem's.
$845,729 85
982,114 65
$1,827,844 50
882,438 40
In force at end of year,
.$23,561,103 00 $189,081 22 $945,406 10
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 90.16 per cent.
$6,665 00
"MICHIGAN FIRE AND MARINE INSURANCE COMPANY,'"
DETROIT, MICH.
[Incorporated February, 1881. Commenced business March, 1S8L]
Paid-up Capital, $400,000.
D. M. FERRY, President. E. J. BOOTH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
People's Savings Bank stock, .... $5,000 00 $6,250 00
Detroit city bonds 10,000 00 10,000 00
Flint city school bonds, 8,000 00 8,000 00
Michigan Steamship Co. bonds, . . . 15,000 00 15,000 00
$38,000 00 $39,250 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . . $94,258 14
Loans on mortgage of real estate (first liens *), 553,652 00
Interest due or accrued thereon, . . . 14,173 01
Stocks and bonds, as per schedule, . . . 39,250 00
Cash in the office of the company, . . . 9,872 90
* Value of lands mortgaged, $1,076,470 00
Value of buildings thereon, 587,350 00
Amount of insurance held as collateral, .... 398,050 00
MICHIGAN FIRE AND MARINE INSURANCE CO.
291
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, . . . .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$38,399 63
927 42
68,088 87
,314 14
7,198 19
750 00
$26,262 33
3,352 21
$22,910 12
251,914 50
10,193 33
7,897 61
30 62
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and emploj-ees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$57,556 65
471,177 40
$528,734 05
68,088 87
$460,645 18
116,470 57
sources,
$257,763 45
29,279 38
$818,621 97
292,946 18
$525,675 79
400,000 00
$125,675-79
$344,174 61
27,275 55
4,666 46
2,133 74
347 00
$378,597 36
$228,484 07
16,000 00
82,446 79
15,115 67
16,611 95
36,311 97
$394,970 45
292
MIDDLESEX MUTUAL ASSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . .$41,274,122 00 $455,12160
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. 38,657,901 00 471,177 40
. §79,932,023 00 $926,299 00
. 34,779,718 00 402,776 85
.$45,152,305 00 $ 523,522 15
. 3,067,598 00 37,845 79
.-42,084,707 00 $485,676 36
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (4 per cent ), .
Company's stock owned by directors, ....
$6,782,998 00
3,725,900 00
233,113 00
346,000 00
16,000 00
157,400 00
"MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE-
TOWN, CONN.*
[Incorporated June 2, 1836. Commenced business June 13, 1836.]
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary.
Detailed Statement of Stocks
Middletown, Conn., town bonds,
Portland, Conn , town bonds, .
Nebraska Loan & Trust Co. bonds, .
N. Y., New Haven & Hartford R R. bonds,
Omaha Water Co bonds, ....
The L. D. Brown & Son Co. bonds, .
W. & B. Douglas Co. bonds, .
Keating Wheel Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Cleve., Cin., Chicago & St. Louis R.R. bonds,
Louisville & Nashville R.R. bonds, .
400 shares N. Y., N. H. & Hartford R.R.,
100
300
150
40
42 '
Louisville & Nashville R.R., .
Chic. & Northwestern R.R., .
Middletown National Bank, Conn
First Nat'l Bank, Middlefn, Conn
Middlesex Co. N'l B% Middletown,
and Bonds.
Par Value.
$18,000 00
100,000 00
72,500 00
15,000 00
10,000 00
30,500 00
5,000 00
17,600 00
40,000 00
40,000 00
40,000 00
40,000 00
10,000 00
30,000 00
11,250 00
4,000 00
4,200 00
Market Value.
-518,720 00
103,911 60
72,500 00
30,900 00
10,000 00
30,500 00
10 00
8,800 00
36,300 00
40,000 00
40,400 00
84,800 00
10,700 00
64,500 00
15,900 00
4,000 00
3,570 00
* A mutual company.
MIDDLESEX MUTUAL ASSURANCE CO.
293
30 shares Central National B'k, Middletown, .
6 " First National Bank, Portland, .
90 " Omaha Water Co., ....
Par Value. Market Value.
§2,250 00 $2,400 00
600 00 600 00
4,500 00 4,000 00
$495,400 00 3587,501 60
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets, .....
$194,000 00
587,501 60
64,902 22
32,021 52
$878,425 34
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
State and local taxes, ....
Commissions and brokerage, .
Gross liabilities,
$618 75
525 00
300 00
185,934 57
4,179 57
8,015 50
199,573 39
Surplus, $678,851 95
Income.
Fire premiums outstanding Dec. 31, 1900, . $21,769 82
Premiums on risks written or renewed, . . 133,444 22
Total, $155,214 04
Premiums now in course of collection, . . 32,021 52
Entire premiums collected, .... $123,192 52
Less reinsurance and return premiums, . . 4,239 25
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from rents,
Gross cash income,
$118,953 27
71,854 33
8,634 68
$199,442 28
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$63,473 79
19,409 80
20,296 99
6,888 26
11,020 06
Gross cash expenditures,
fl 2 1,088 90
294
MILLERS NATIONAL INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $40,366,254 00
. 15,989,038 00
. §56,355,292 00
. 12,513,190 00
. §43,842,102 00
3,000 00
Premiums.
f300,874 93
133,444 22
§434,319 15
92,422 00
1341,397 15
19 13
.§43,839,102 00 §341,878 02
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year,
$1,291,151 00
59,487 00
"MILLERS' NATIONAL INSURANCE COMPANY," CHICAGO, ILL.
[Incorporated Feb. 16, 1865. Commenced business Sept. 1, 1869.]
Paid-up Capital, $200,000.
C. H. SEYBT, President. W. L. BARNUM, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States, D. C, bonds, .... $50,000 00 £63,250 00
Cook County, Illinois, bonds, .... 60,000 00 61,725 00
City of Chicago bonds 10,000 00. 10,187 50
Chicago Board of Trade bonds, . . . 10,000 00 10,350 00
Chicago Passenger Railway bonds, . . . 20,000 00 20,600 00
North Chicago City Railway bonds, . . 10,000 00 10,800 00
St. L., Cass Ave. & Fair Grounds R.R. bonds, . 25,000 00 25,875 00
Illinois Central R.R. bonds, .... 25,000 00 28,500 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 10,000 00 11,702 50
Chicago, Burlington & Quincy R.R. bonds, . 13,000 00 13,487 50
North Chicago Electric Railway bonds, . . 10,000 00 11,175 00
Chicago Electric Transit Co. bonds, . . 20,000 00 22,350 00
Bureau County drainage bonds, . . . 9,000 00 9,090 00
Sanitary District of Chicago bonds, . . . 20,000 00 21,100 00
Village of Harlem, Illinois, bonds, . . . 3,500 00 3,530 62
Ford County, Illinois, bonds, .... 3,000 00 7 50
Marseilles, Illinois, bonds 5,000 00 5,293 75
Effingham, Illinois, bonds, .... 3,00000 3,11250
Tracy, Minnesota, bonds, 5,000 00 5,250 00
Osgood, Indiana, bonds, 3,500 00 3,683 75
Aberdeen, South Dakota, bonds, . . . 10,000 00 11,600 00
Des Plaines, Illinois, bonds, .... 2,373 19 2,373 19
millers' NATIONAL INSURANCE CO.
295
Evanston, Illinois, bonds,
Whiteside County, Illinois, bonds, .
Town of Wade, Illinois, bonds,
Lincoln, Illinois, bonds, .
Bonne Terre, Mo., school bonds,
Poplar Bluff, Mo., school bonds,
Town of Proviso, Illinois, bonds,
Windsor, Illinois, bonds, .
Mechanicsburg, Illinois, school bonds,
White County, Indiana, bonds,
Lawrence County, Illinois, bonds, .
Mishawaka, Indiana, bonds,
Jasper County, Indiana, bonds,
Sullivan County, Indiana, bonds,
Chicago Gas Light & Coke Co. bonds,
South Side Elevated Railway stock,
Chicago National Bank stock, .
Par Value.
§1,500 00
6,500 00
19,500 00
25,000 00
17,000 00
10,000 00
6,000 00
10,000 00
4,000 00
10,000 00
15,000 00
15,000 00
5,000 00
5,000 00
10,000 00
11,100 00
10,000 00
Market Value.
81,545 00
6,630 00
19,914 37
25,562 50
19,040 00
11,100 00
6,060 00
10,900 00
4,150 00
10,200 00
15,337 50
15,206 25
5,250 00
5,118 75
10,950 00
11,877 00
37,500 00
$507,973 19 $574,445 18
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), $76,000 00
Interest due or accrued thereon, . . . 1,366 66
Stocks and bonds, as per schedule, . . . 574,445 18
Cash in the office of the company, . . . 434 18
Cash deposited in bank, 54,113 42
Interest due and accrued, 8,179 44
Premiums in course of collection (gross), . 21,495 89
Deposit notes taken for fire risks, f 2,098,618 52
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Special department, ....
Commissions and brokerage, .
Return premiums, ....
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$8,095 81
15,239 74
15,967 11
152,552 11
122,383 37
3,645 73
2,464 77
$736,034 77
320,348 64
§415,686 13
200,000 00
Surplus over capital, §215,686 13
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
181,600 00
128,000 00
73,500 00
296
MILWAUKEE FIRE INSURANCE CO.
Income
Fire premiums outstanding Dec. 31, 1900,
Premiums^on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
5,744 45
467,142 48
§485,886 93
21,495 89
$464,391 04
58,379 56
8400,011 48
33,697 28
Gross cash income, |439,708 76
. Expenditures.
Cash paid for fire losses,
Deduct salvage,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$387,048 62
355 75
1386,692 87
20,720 81
45,546 34
5,6« "
25,885 48
§484,453 26
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31,1900, . .-22,459,742 00 §352,036 02
Fire risks written during 1901,
Total,
Deduct risks expired aud terminated,
In force at end of year, .
. 17,445,627 00 250,608 12
.839,905,369 00 §602,644 14
. 14,684,112 00 199,341 21
.$25,221,257 00 §403,302 93
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
. $4,862,152 00
. 3,585,819 00
391,393 00
"MILWAUKEE FIRE INSURANCE COMPANY,- MILWAUKEE, WIS.
[Incorporated March 22, 1898. Commenced business March 23, 18
Paid-up Capital, $200,000.
WM. L. JONES, President. H. A. NOLTE, Secretary.
Detailed Statement of Bonds.
Par Value. Market Va'.ue.
United States bonds, 810,000 00 f 13,850 00
South Side Elevated R.R. bonds, . . . 61,500 00 63,037 50
Union Pacific R.R. bonds, .... 10,000 00 10,500 00
MILWAUKEE FIRE INSURANCE CO.
297
Chicago, Mil. & St. Paul R.R. bonds,
Milwaukee L't, Heat & Traction Co. bonds,
Southern R'y Co. bonds, ....
Par Value.
$80,000 00
10,000 00
10,000 00
Market Value.
893,800 00
10,600 00
9,600 00
$181,500 00 $ 201, 387 50
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), §208,000 00
Interest due or accrued thereon,
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from all other sources,
Gross cash income,
other
2,007 12
201,387 50
2,623 54
27,710 21
24,685 33
$7,074 31
19,952 42
2,575 00
$29,601 73
1,684 60
§27,917 13
161,150 20
4,937 07
466 48
$15,750 32
283,919 02
$299,669 34
24,685 33
§274,984 01
52.668 00
sources,
§466,413 70
194,470 88
§271,942 82
200,000 00
$71,942 82
$222,316 01
9,269 30
9,375 92
40 00
$241,001 23
* Value of lands mortgaged, . ...... $.!<><), 100 00
Value of buildings thereon, 240,850 00
Amount of insurance held as collateral, .... K5(>,y00 00
208
MILWAUKEE MECHANICS' INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for depreciation of assets,
for incidentals, ....
$151,975 89
32,883 97
Gross cash expenditures,
|U9,091 92
59,992 49
12,271 03
5,911 48
1,345 00
21,498 50
1220,110 42
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
.824,513,190 00 $300,059 31
. 22,872,127 00 283,919 02
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
§47,385,317 00 8583,978 33
18,614,850 00 288333 14
.$28,770,467 00 8345,145 19
. 5,213,887 00 61,957 86
. $23,556,580 00 $283,1*7 33
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
8741,7:32 00
381,757 00
132,215 00
76,660 00
"MILWAUKEE MECHANICS' INSURANCE COMPANY,"
MILWAUKEE, WIS.
[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.]
Paid-up Capital, $200,000.
WM. L. JONES, President. OSCAR GKIEBLING, Secretary.
Detailed Statement of
Washington County (Wis.) bonds,
Milwaukee city bonds,
Racine (Wis.) school bonds,
St. Paul (Minn.) bonds, .
Milwaukee County (AVis.) bonds,
Brown County (Wis.) bonds, .
Ramsey County (Minn.) bonds,
Sanitary District of Chicago bonds,
City of Portland (Ore.) water bonds,
Bonds.
Par Value.
§40,000 00
173,500 00
21,000 00
225,000 00
23,000 00
18,000 00
100,000 00
50,000 00
50,000 00
Market Value.
$42,000 00
186,158 75
23,625 00
256,187 50
25,012 50
19,080 00
113,375 00
53,812
61,00
MILAVAUKEE MECHANICS INSURANCE CO.
299'
South Side Elev. R.R. Co. (Chicago) bonds,
Chicago, Mil. & St. Paul R'y Co. bonds, .
Chicago & Alton R'y Co. bonds,
Union Pacific R.R. Co. bonds, .
Elgin, Joliet & Eastern R'y Co. bonds, .
Chicago, Burlington & Quincy R'y Co. bonds,
Milwaukee Light, Heat & Traction Co. bonds,
Milwaukee City R'y Co. bonds,
Southern R'y Co. (Knoxville & Ohio) bonds, .
Southern R'y Co. (Atlantic & Danville) bonds,
Wabash R.R. Co. bonds,
Milwaukee Underwriters B'l'g Asso. bonds, .
Par Value.
$100,000 00
50,000 00
30,000 00
25,000 00
25,000 00
5,000 00
25,000 00
25,000 00
15,000 00
25,000 00
10,000 00
3,476 00
Market Value.
$ 102,500 00
59,000 00
25,200 00
26,250 00
28,250 00
6,050 00
26,500 00
26,500 00
18,975 00
24,000 00
9,775 00
4,260 00
11,038,976 00 $1,137,511 25
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
•Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Bonds, as per schedule, .
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, f
867,500 CO
1,123,158 79
24,545 63
1,137,511 25
' 4,994 63
59,621 24
5,082 29
208,223 79
$2,630,637 62
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reserve for reinsurance company, .
Reinsurance disallowed, ....
Gross liabilities, except capital, . .
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$47,507 71
68,194 15
15,217 10
$130,918 96
30,816 84
$100,102 12
964,859 52
34,703 96
59,469 82
1,016 49
. 1,160,151 91
. $1,470,485 71
200.000 00
. $1,270,485 71
* Value of lands mortgaged $2,182,870 00
Value of buildings thereon, 1,006,650 00
Amount of insurance held as collateral, .... 659,35000
t Including $200,000 special reserve held by treasurer of State of Wisconsin.
300
MILWAUKEE MECHANICS' INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1900, . $144,368 97
Premiums on risks written or renewed, . . 1,501,107 02
Total, $1,645,475 99
Premiums now in course of collection, . . 208,223 79
Entire premiums collected, .... $1,437,252 20
Less reinsurance and return premiums, . . 381,822 54
Net cash fire premiums received, . . .
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Income from all other sources, ....
Gross cash income,
f 1,055,429 66
51,947 88
46,690 53
4,170 15
6,383 61
$1,164,621 83
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for depreciation of assets,
for incidentals,
$703,814 16
114,554 76
Gross cash expenditures,
$589,259 40
80,000 00
259,704 99
74,045 53
38,674 11
1,214 60
8,806 50
69,870 33
$1,121,575 46
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$153,149,702 00 $1,807,026 99
. 118,957,377 00 1,501,107 02
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$272,107,079 00 $3,308,134 01
. 94,026,785 00 1,195,361 14
£178,080,294 00 $2,112,772 87
. 20,648,376 00 263,699 42
$157,431,918 00 $1,849,073 45
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (40 per cent),
Company's stock owned by directors, ....
$17461,119 00
8,749,500 00
623,036 00
980,000 00
80,000 00
62,210 00
THE NASSAU FIRE INSURANCE CO. OF BROOKLYN.
301
"THE NASSAU FIRE INSURANCE COMPANY OF BROOKLYN,"
NEW YORK, N. Y.
[Incorporated Jan. 30, 1852. Commenced business Feb. 3, 1852.]
Paid-up Capital, $200,000.
WM. T. LANE, President. THOS. M. HARRIS, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, ....
Nassau National Bank stock, .
Portland Gas Light Co. bonds, .
Portland Gas Light Co. stock, .
Mechanics 1 Bank of Brooklyn stock,
National City Bank of Brooklyn stock,
Brooklyn Bank stock,
Brooklyn City R.R. stock,
Brooklyn Rapid Transit bonds,
Consolidated stock, N. Y. City,
Par Value.
$115,000 00
10,000 00
16,000 00
14,607 50
8,600 00
2,500 00
5,000 00
80,000 00
' 10,000 00
75,000 00
Market Value.
|143,750 00
35,000 00
16,000 00
10,225 25
18,662 00
7,000 00
5,750 00
196,000 00
11,000 00
80,625 00
$ 336,707 50 $524,012 25
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $6,580 50
Gross assets,
31, 1901.
$524,012 25
188 88
8,235 14
4,207 28
21,521 18
$558,164 73
Liabilities.
Losses adjusted, unpaid, $6,139 49
Losses claimed and reported, .... 9,500 00
Unearned premiums on outstanding risks, . 71,361 38
Due for borrowed money, .... 28,000 00
Reinsurance disallowed, 2,696 53
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
117,697 40
$4 10,467 33
200,000 00
Surplus over capital,
. $240,467 33
302
THE NASSAU FIRE INSURANCE CO. OF BROOKLYN.
Income.
Fire premiums outstanding Dec. 31, 1900, . £34,310 60
Same not collected, 8,525 83
Net collected, f 25,784 77
Premiums on risks written or renewed, . . 113,992 76
Total, $ 139,777 53
Premiums now in course of collection, . . 28,101 68
Entire premiums collected, .... $111,67585
Less reinsurance and return premiums, . . 30,668 12
Net cash fire premiums received, . . . .
Interest and dividends received from all sources, .
Income from rents,
Gross cash income,
$81,007 73
33,421 56
1,701 90
1116,131 19
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
• Gross cash expenditures, ....
|73,716 23
1.486 82
$72,229 41
20,000 00
4,443 50
10,498 17
1,085 35
7,896 21
$116,152 64
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
I*remiums.
. $19,549,556 00 $152,457 18
. 12,974,679 00 113,992 76
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Xet amount in force, .
832.524,235 00 $266,449 94
15,583,583 00 126,296 05
$16,940,652 00 $140,153 89
568,780 00 2,733 53
.$16,371,873 00 $137,420 36
Miscellaneous.
Premiums received from organization of company, . . $3,315,273 00
Losses paid from organization of company, .... 1,361,281 00
Fire losses incurred during the year, 73.369 00
Cash dividends declared from organization of company, . 1,322,500 00
Dividends declared during the year (10 per cent.), . . 20,000 00
Company's stock owned by directors, 38,550 00
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
303
"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD,"
HARTFORD, CONN.
[Incorporated June 4, 1869. Commenced business Dec. 1, 1871.]
Paid-up Capital, $1,000,000.
JAMES NICHOLS, President. B. R. STILLMAN, Secretary.
Detailed Statement of Stocks,
Atlantic & Danville R'y bonds,
Atch.> Topeka & Santa Fe R'y bonds,
Bangor & Aroostook R.R. Co. bonds,
Buffalo R'y Co. bonds, ....
Chesapeake & Ohio R'y Co. bonds, .
Brooklyn Union Elevated R.R. Co. bonds,
Central of Georgia bonds,
Chicago & Alton R.R. Co bonds,
Cleve , Col., Cin., & Indian. R.R. Co. bonds,
Cin., Richmond & Muncie R.R. Co. bonds,
Chicago, Burl. & Quincy R.R. Co. bonds,
Chicago & Ind. Coal R'y Co. bonds,
Chicago, Mil & St. Paul R.R. Co. bonds,
Chic. North Shore St. R'y Co. bonds,
Chicago & Northwestern R R. Co. bonds,
Chic Term. Transf. R.R. Co. bonds,
Chicago & Western Ind. R.R. Co. bonds,.
Cin , Dayton & Ironton R.R. Co. bonds, .
Cin., Indian., St. Louis & Chic. R.R. Co. bonds
Danbury & Norwalk R.R. Co. bonds,
East. Tenn , Va. & Ga. R.R. Co. bonds, .
Erie Railway Co. bonds, ....
Evansville & Terre Haute R.R. Co. bonds,
Hartford & Conn. Western R.R. Co. bonds,
Houston & Texas Cent. R.R. Co. bonds, .
Hunt. & Broad Top Mt. R.R. & Coal Co. bonds,
Galveston, Harris & San Antonio R'y Co.b'ds,
International & Gt Northern R.R. Co. bonds,
Iowa Central R'y Co. bonds, .
Kanawha & Michigan R'y Co. bonds,
Kansas City Cable R'y Co. bonds, .
Knoxville & Ohio R.R Co. bonds, .
Louisville & Nashville R R. Co. bonds, .
Minneapolis & St. Louis R.R. Co. bonds,
Mobile & Ohio R.R. Co. bonds,
Morgan's La & Texas R.R. & S. S. Co. bonds
kNash., Chat. & St. Louis R'y Co. bonds, .
Bonds, etc.
Par Value.
$50,000 00
25,000 00
15,000 00
25,000 00
20,000 00
50,000 00
25,000 00
25,000 00
35,000 00
,25,000 00
2,000 00
40,000 00
30,000 00
25,000 00
17,000 00
20,000 00
50,000 00
10,000 00
35,000 00
10,000 00
30,000 00
50,000 00
10,000 00
10,000 00
32,000 00
25,000 00
35,000 00
50,000 00
50,000 00
15,000 00
50,000 00
20,000 00
25,000 00
15,000 00
50,000 00
47,000 00
40,000 00
20,000 00
Market Value.
$47,500 00
25,000 00
17,250 00
28,000 00
19,600 00
50,000 00
26,250 00
21,750 00
44,800 00
26,500 00
2,000 00
46,000 00
34,900 00
25,750 00
19,400 00
17,600 00
58,000 00
11,200 00
35,700 00
11,400 00
34,800 00
67,500 00
10,000 00
10,000 00
34,560 00
' 26,250 00
37,100 00
50,000 00
56,000 00
13,500 00
50,000 00
24,000 00
31,250 00
15,000 00
59,250 00
61,570 00
45,050 00
20,400 00
304
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
N. Y., N. H. & Hart. R.R. deben. certs.,
Nodaway Valley R.R. Co. bonds,
Norfolk & Western R R. bonds,
Northern Ohio R'y Co. bonds, .
Northern Pacific-Great North. R.R. bonds,
Northwestern Elevated R.R. Co. bonds,
Peoria & Pekin Union R'y Co. bonds,
Piedmont & Cumberland R'y Co. bonds,
Richmond & Danville R R. Co. bonds,
Rochester & Pittsburg R.R. Co. bonds,
Sandusky, Mans. & Newark R.R. Co. bonds,
St. Louis, Iron Mt. & Southern R'y bonds,
St. Louis & San Francisco R'y Co. bonds,
St. Paul & Northern Pacific R'j Co. bonds,
Seaboard & Roanoke R.R. Co. bonds,
Savan., Florida & Western R'y Co. bonds,
Southern Pacific R.R. Co. bonds,
Southern R'y Co. bonds, .
Toledo & Ohio Cent. R'y Co. bonds,
Toledo Traction Co. bonds,
Union Pacific R.R. Co. bonds, .
Wabash R.R. Co. bonds, .
West Va. Cent. & Pitts. R'y Co. bonds,
Wheeling & Lake Erie R'y Co. bonds,
Galveston city bonds,
Georgia State bonds,
Lincoln city bonds, .
Portland city bonds, .
Richmond city bonds,
Silver City, N. M., bonds,
Territory of Arizona bonds,
Galveston Wharf Co. bonds, .
National Bond & Security Co. bonds,
Sch. Dist. No. 2, Springwells Twp., Mich., b'ds
Suffield & Thompsonville Bridge Co. bonds,
Western Union Telegraph Co. bonds,
45 shares Atch., Top & Santa Fe R R. Co.,
300 " Belt R.R. & Stock Yd. Co , Ind'lis,
200 " Cleveland & Pittsburgh R.R. Co.,
500 " Chicago Great Western R.R. Co.,
450 " Chic, Rock Isl. & Pac. R R. Co.,
200 " Ft. Wayne & Jackson R.R. Co.,
200 " Georgia R.R. & Banking Co.,
215 " Illinois Central R.R. Co.,
750 " N. Y , N. H. & Hartford R.R. Co ,
200 " New York & Harlem R.R. Co.,
575 " N. Y. Cent. & Hud. R. R.R. Co.,
154 " Norfolk &'Western R.R. Co., .
Par Value.
,000 00
5,000 00
11,000 00
50,000 00
28,000 00
27,000 00
40,000 00
25,000 00
20,000 00
51,000 00
40,000 00
25,000 00
50,000 00
35,000 00
50,000 00
25,000 00
25,000 00
24,000 00
70,000 00
25,000 00
50,000 00
70,000 00
75,000 00
40,000 00
25,000 00
25,000 00
12,000 00
50,000 00
50,000 00
10,000 00
20,000 00
25,000 00
8,000 00
12,000 00
28,000 00
25,000 00
4,500 00
15,000 00
10,000 00
50,000 00
45,000 00
20,000 00
20,000 00
21,500 00
75,000 00
10,000 00
57,500 00
15,400 00
Market Va'.ue.
5,000 00
11,000 00
55,000 00
27,440 00
26,190 00
40,000 00
26,250 00
21,000 00
63,240 00
42,00^
23,250 00
64,000 00
44,800 00
54,000 00
27,500 00
26,25'
85,200 00
75,000 00
25,500
52,000
74,800 00
84,000 00
40,200 00
25,000 00
27,500 00
12,000 00
61,500 00
50,000 00
10,000 00
22,000 00
25,000 00
8,000 00
12,000 00
28,000 00
28,250 00
4,050 00
15,500 00
18,500 00
45,000 00
60,750 00
29,000 00
44,000
27,440 00
153,750 00/
40,000 00
86,250 00
12,320 00
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
305
150
1,115
100
200
27
80
150
250
535
25
46
100
509
360
75
450
100
25
100
809
. 125
207
600
500
shares Oswego & Syracuse R.R. Co.,
" Pennsylvania R.R. Co.,
" Peoria & Bureau Valley R.R. Co.
" Pitts., Ft. Wayne & Chic. R.R. Co.
" St. Jos., So. B'd & South'n R.R. Co.
" Southern Railway Co., .
" Union Pacific Railroad Co., .
" iEtna National Bank, Hartford,
" Charter Oak National Bank, Hart.
" Central National Bank, N. Y.,
" City Bank, Hartford, .
" Far. & Mech. Natl Bank, Hart.,
" Hartford National Bank, Hart.,
" Nat'l Exch. Bank, Hartford,
" Nat'l Bank of the Repub., Boston
Phoenix Nat'l Bank, Hartford,
« St. Paul Nat'l B'k, St. Paul, Minn.
" Second Nat'l Bank, New Haven,
" Thames National Bank, Norwich
" Commercial Union Telegraph Co.
" Gold & Stock Telegraph Co.,
" Hartford City Gas Lt. Co., Hart.,
" 111. & Miss. Telegraph Co., .
" Northwestern Telegraph Co.,
Par Value.
$7,500 00
55,750 00
10,000 00
20,000 00
2,700 00
8,000 00
15,000 00
25,000 00
53,500 00
2,500 00
4,600 00
10,000 00
50,900 00
18,000 00
7,500 00
45,000 00
10,000 00
2,500 00
10,000 00
20,225 00
12,500 00
5,175 00
30,000 00
25,000 00
Market Value.
$15,000 00
78,050 00
20,000 00
37,000 00
1,500 00
6,400 00
12,000 00
45,000 00
53,500 00
4,500 00
4,600 00
11,500 00
69,224 00
21,600 00
10,500 00
54,000 00
10,000 00
4,250 00
15,000 00
24,270 00
15,000 00
9,315 00
22,500 00
30,000 00
$3,084,250 00 $3,627,469 00
Summary of Assets Dec. 31, 1901,
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross)
Gross assets, ....
Deduct special deposits in other States,
Balance, . ' $5,471,716 42
$399,053 32
647,715 00
3,627,469 00
667 73
319,574 00
609,737 37
$5,604,216 42
132,500 00
Liabilities.
Losses adjusted, unpaid, $101,074 87
claimed and reported, .... 237,996 08
disputed or resisted, .... 23,606 60
Unearned premiums on outstanding risks, . 2,555,486 15
Commissions and brokerage, .... 84,779 42
Return premiums and reinsurance, . . . 95,000 00
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$866,850 00
- 995,500 00
648,350 00
306
NATIONAL FIRE INSURANCE CO. OF HARTFORI).
Reinsurance disallowed, .
Reserve for contingencies,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
2,084 68
25,000 00
13,135,027 80
70,341 49
13,064,686 31
. $2,407,030 11
. 1,000,000 00
$1,407,030 11
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, .
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents
Income from profit and loss account,
Gross cash income,
71 36
4,794,779 88
$5,283,751 24
609,737 37
$4,674,013 87
1,240,854 97
sources,
$3,433,158 90
39,628 00
153,302 10
4,158 60
138 40
$3,630,386 00
Expenditures.
Cash paid for fire losses, $2,159,108 69
Deduct salvage and reinsurance, . . . 407,228 25
Net cash paid for fire losses, .... $1,751,880 44
Cash dividends paid, 120,000 00
Cash paid for commissions and brokerage,
for salaries of oflicers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
651,599 21
207,625 59
110,967 74
360,594 06
$3,202,667 04
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
8470,251,802 00 $4,611,944 44
. 520,605,644 00 4,794,779 88
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$990,857,446 00 $9,406,724 32
. 391,259,277 00 3,719,379" 20
$599,598,169 00 $5,687,345 12
. 92,930,104 00 866,056 31
$506,668,065 00 $4,821,288 81
NATIONAL-STANDARD INSURANCE CO. OF NEW YORK. 307
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$34,630,506 00
18,090,321 00
1,867,068 00
2,777,000 00
120,000 00
93,700 00
« NATIONAL-STANDARD INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Feb. 14, 1896. Commenced business Feb. 20, 1896.]
Paid-up Capital, $200,000.
R. BLEECKER RATHBONE, President. EMIL G. PIEPER, Secretary.
Detailed Statement of Bonds.
Par Value. Market Value.
United States bonds, $200,000 00 $212,000 00
New York city bonds, 200,000 00 211,650 00
f 400,000 00 $423,650 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$423,650 00
101,427 79
1,083 33
94,404 07
$620,565 19
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$47,357 00
735 00
$48,092 00
12,511 00
$35,581 00
217,777 13
17,972 05
35,163 89
500 74
306,994 81
$313,570 38
200,000 00
Surplus over capital, $113,570 38
308 NATIONAL-STANDARD INSURANCE CO. OF NEW YORK.
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources, .
$58,511 08
661,912 96
i,424 04
94,404 07
$626,019 97
221,071 70
|404,948 27
13,242 11
Gross cash income, £418,190 38
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$285,912 61
69,137 44
$216,775 17
855 20
55 20
24,000 00
121,768 18
3,215 00
11,017 41
3,147 64
f379,923 40
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . .$31,932,64100 $344,53178
Fire risks written during 1901, . . . 56,024,251 00 661,912 96
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$87,956,892 00 §1,006,444 74
. 40,177,398 00 460,551 13
. $47,779,494 00 $545,893 61
. 10,549,003 00 121,347 13
$37,230,491 00 $424,546 4S
Miscellaneous.
Premiums received from organization of company.
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$1,545,681 00
866,401 00
234,433 00
126,000 00
24,000 00
92,000 00
NATIONAL UNION FIRE INSURANCE CO.
309
"NATIONAL UNION FIRE INSURANCE COMPANY OF PITTS-
BURG, PA.," PITTSBURG, PA.
[Incorporated Feb. 14, 1901. Commenced business March, 1901.]
Paid-up Capital, $500,000.
J. W. ARROTT, President. E. E. COLE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Pennsylvania Water Co. bonds, . . . $50,000 00 $57,000 00
Union Gas Co. bonds, 21,000 00 21,525 00
West Braddock Bridge Co. bonds, . . . 23,000 00 24,380 00
Sharon Steel Co. bonds, 23,000 00 23,000 00
Standard Sanitary Manufacturing Co. bonds, . 25,000 00 26,250 00
New York city bonds, 80,000 00 86,900 00
Latrobe Water Co. bonds, .... 30,000 00 31,800 00
Pittsburgh & Buffalo Co. bonds, . . . 20,000 00 20,400 00
Conn. R'y & Lighting Co. bonds, . . . 20,000 00 20,000 00
St. Joe Water Co. bonds, 50,000 00 50,000 00
Pittsburgh, Bessemer & Lake Erie bonds, . 20,000 00 24,000 00
Central Traction Co. bonds, .... 25,000 00 28,750 00
Wilkinsburg & Verona St. R'y Co. bonds, . 25,000 00 27,500 00
Philadelphia city bonds 10,000 00 11,000 00
Central of Georgia bonds, .... 20,000 00 18,300 00
25 shares Farmers' Dep. Nat'l Bank (Pitts.), . 2,500 00 22,875 00
25 " Second National Bank (Pitts'.), . 2,500 00 17,500:00
40 " Tradesman's National Bank (Pitts.), 4,000 00 7,000 00
$451,000 00 $518,180 00
Summary of Assets Dec 31, 1901.
Cash value of unencumbered real estate, . $8,000 00
Loans on mortgage of real estate (first liens *), 256,422 00
Interest due or accrued thereon, . . . 4,574 30
Stocks and bonds, as per schedule, . . . 518,180 00
Cash in the office of the company, . . . 5,096 44
Cash deposited in bank, 47,975 95
Interest due and accrued, 3,066 67
Premiums in course of collection (gross), . 43,46167
Prems. more than three mos. due, $390 47
Gross assets
$886,777 03
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
S213.300 00
373,750 00
276,200 00
310
NATIONAL UNION FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
§10,905 62
14,599 05
5,744 72
§3 1,249 39
1,801 27
$29,448 12
120,420 25
8,034 76
473 34
2,014 28
§160,390 75
,386 28
500,000 00
Surplus over capital, -5226,386 28
Income.
Fire premiums on risks written,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Profit on sale of bonds,
Received for calls on capital, .
Received for surplus,
other
§250,372 15
43,852 14
§206,520 01
37,553 21
sources,
$500,000 00
250,000 00
§168,966 80
3,443 73
12,009 61
675 00
Gross cash income, $185,095 14
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of oflicers and employees,
for State and local taxes,
for incidentals, ....
§19,186 87
677 13
§18,509 74
48,116 84
9,174 92
1,660 28
31,750 21
Gross cash expenditures, §109,211 99
NEWARK FIRE INSURANCE CO.
311
Risks and Premiums.
Premiums.
Fire risks written during 1901, . . .$21,560,864 00 $250,372 15
Deduct risks expired and terminated, . . 3,370,153 00 41,763 27
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. § 18,190,711 00
602,183 00
§208,608 88
6,818 52
$17,588,528 00 §201,790 36
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Company's stock owned by directors,
§168,967 00
18,510 00
47,958 00
175,000 00
"NEWARK FIRE INSURANCE COMPANY, 1 ' NEWARK, N. J.
[Incorporated May 14, 1810. Commenced business May 14, 1810.]
Paid-up Capital, $250,000.
JOHN J. HENRY, President. CHARLES M. HENRY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds $38,000 00
West Shore R.R. bonds, 48,000 00
Essex Passenger R.R. bonds, .... 5,000 00
Hoboken Land and Improvement bonds, . 25,000 00
Essex County Park bonds, .... 35,000 00
Newark Gas Co. bonds, 10,000 00
Morris & Essex R.R. stock 20,000 00
Newark city water bonds, .... 4,000 00
National State Bank stock, .... 15,900 00
Na'ional Newark Banking Co. stock, . . 7,700 00
Newark City National Bank stock, ." . . 14,250 00
Elizabeth city bonds, 15,000 00
Newark consolidated gas bonds, . . . 15,000 00
Market Value.
$42,260 00
54,320 00
5,350 00
26,250 00
39,200 00
14,000 00
38,000 00
4,400 00
31,800 00
23,100 00
28,500 00
15,000 00
15,750 00
$252,850 00 $337,930 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . §86,700 00
Loans on mortgage of real estate (first liens *), 215,680 00
Interest due or accrued thereon, . . . 2,793 22
* Value of lands mortgaged $220,250 00
Value of buildings thereon, 365,550 00
Amount of insurance held as collateral, .... 2!i7,600 00
312
NEWARK FIRE INSURANCE CO.
Stocks and bonds, as per schedule, . . . $337,930 00
Cash in the office of the company, . . . 458 15
Cash deposited in bank, 23,472 30
Interest due and accrued, 2,905 81
Premiums in course of collection (gross), . 24,747 59
Notes taken for fire risks, .... 100 00
Rents due and accrued, 153 00
Prem's more than three mos. due, §2,852 80
Gross assets,
$694,940 07
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
•Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$7,271 87
6,253 21
2,821 80
$16,346 88
344 64
$16,002 24
120,006 06
6,726 50
1,279 19
1,281 99
5,548 11
1,638 42
152,482 51
|542,457 56
250,000 00
$292,457 56
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$22,401 44
595 32
$21,806 12
187,321 30
£209,127 42
27,600 39
$181,527 03
32,626 02
sources,
$148,901 01
11,380 06
14,474 82
2,412 12
$177,168 01
NEW HAMPSHIRE FIRE INSURANCE CO.
313
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate,
for premiums on stocks, .
for incidentals,
Gross cash expenditures, .
$96,668 26
9,601 98
$87,066 28
25,158 85
33,249 74
21,282 89
8,326 77
253 56
375 00
13,098 52
$188,811 61
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $28,724,225 00 $229,240 42
Fire risks written during 1901, . . . 18,690,274 00 187,321 30
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$47,414,499 00 $416,561 72
15,811,503 00 168,543 15
.$31,602,996 00 $248,018 57
. 1,829,009 00 12,481 10
.$29,773,987 00 $235,537 47
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$5,400,916 00
2,800,028 00
94,567 00
915,577 00
25,000 00
24,795 00
"NEW HAMPSHIRE FIRE INSURANCE COMPANY,"
MANCHESTER, N. H.
[Incorporated 1869. Commenced business April, 1870.]
Paid-up Capital, $1,000,000.
U. C. CROSBY, President. F. W. SARGEANT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
$25,000 00 $27,750 00
50,000 00 51,000 00
10,000 00 10,500 00
5,000 00 5,000 00
25,000 00 30,000 00
United States government bonds,
City of Cleveland, Ohio, bonds,
City of Columbus, Ohio, bonds,
City of Ashtabula, Ohio, bonds,
City of East Portland, Ore., bonds,
314
NEW HAMPSHIRE FIRE INSURANCE CO.
City of Seattle, Wash., bonds, .
City of Moorhead, Minn., bonds,
State of Georgia bonds, .
Central R.R. Co. of New Jersey bonds,
Watertown & Rome R.R. bonds,
New York & New England R.R. bonds,
Boston, Concord & Montreal R.R. bonds,
Concord & Montreal R R. bonds,
Fitchburg R.R. bonds,
Atch., Topeka & Santa Fe R.R. bonds,
Grand Rapids, Beld. & Saginaw R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Union Pacific R.R. bonds, ....
Northern Pacific R R. bonds, .
Oregon Short Line R.R. bonds,
Michigan Central R.R. bonds, .
Montana Central R.R. bonds, .
Lehigh Valley Terminal R'y Co. bonds, .
Utah & Northern R.R. bonds, .
Cincin Richmond & Muncie R.R. bonds,
Northern Pacific Great Northern bonds, .
West End Street Railway Co. bonds,
Manchester Trac, L't, Heat & P'r Co. bonds,
Hillsborough County, X. H., bonds,
Adams Express Co. bonds,
Minneapolis Gas Light Co. bonds, .
Central Loan & Land Co. bonds,
National Loan & Trust Co. bonds, .
Nashua Card & Glazed Paper Co. bonds,
Grand Forks Gas & Electric Co. bonds, .
Minneapolis General Electric Co. bonds,
Swift & Co., Chicago, bonds, .
American Telephone & Telegraph Co. bond
Erie Telegraph & Telephone Co. bonds, .
Suncook Valley R.R. stock,
Pennsylvania R.R. stock, ....
N. Y. Central & Hudson River R.R. stock,
N. Y , New Haven & Hartford R.R. stock,
Norwich & Worcester R.R. stock, .
Pemigewasset Valley R.R. stock,
Boston & Albany R.R. stock, .
Boston & Maine R.R. stock,
Concord & Montreal R.R. stock,
Delaware & Hudson Canal Co. stock,
Maine Central R.R. stock,
Northern Railroad, N. H , stock,
Fitchburg Railroad stock,
Par Value.
§ 10,000 00
2,000 00
10,000 00
30,000 00
10,000 00
20,000 00
50,000 00
140,000 00
40,000 00
50,000 00
8,000 00
53,000 00
25,000 00
10,000 00
25,000 00
35,000 00
35,000 00
25,000 00
25,000 00
12,000 00
25,000 00
170,000 00
5,000 00
25,000 00
15,000 00
25,000 00
20,000 00
13,700 00
7,860 00
10,000 00
5,000 00
25,000 00
25,000 00
30,000 00
15,000 00
4,000 00
73,300 00
57,500 00
40,000 00
5,000 00
26,000 00
20,000 00
30,000 00
37,500 00
30,000 00
10,000 00
13,000 00
10,000 00
Market Value.
£ 10,500
11,500 00
36,400 00
11,000
21,700 00
60,000 00
148,400 00
42,000 00
50,000 00
8,800 00
55,250 00
25,000 00
10,500 00
25,000 00
41,250 00
35,700 00
29,250
27,500 00
13,800 00
26,250 00
161,500 00
5,050 00
26,250 00
15,000 00
26,000 00
20,000 00
9,200 00
5,895 00
10,000 00
5,000 00
25,500 00
25,500 00
30,000 00
15,000 00
4,800 00
102,620 00
92,000 00
83,600 00
10,0Q0 00
32,500 00
50,000 00
54,000 00
73,125 00
-.000 00
16,000 00
•21,190 00
14,000 00
NEW HAMPSHIRE FIRE INSURANCE CO.
315
Pitts , Fort Wayne & Chicago R.R. stock,
Illinois Central Railroad stock,
Chicago, Rock Island & Pacific R.R. stock,
Chic. June. R'ys & Union Stock Yards Co. st'k,
Chicago & Northwestern Railroad stock,
Chicago, Milwaukee & St. Paul R.R. stock,
Merchants' N'l B'k, Manchester, N. H., stock,
Pemigewasset N'l B'k, Plymouth, N. H., stock,
First National B'k, Peterborough, N. H., stock,
First National Bank, Concord, N. H., stock, .
Laconia National Bank, Laconia, N. H., stock,
Lancaster Nat'l B'k, Lancaster, N. H., stock,"
Lancaster Trust Co., Lancaster, N. H., stock,
Exeter Banking Co., Exeter, N. H., stock,
Amoskeag Mfg. Co., Manchester, N. H., stock
Amory Manufacturing Company stock, .
Manchester Mills, Manchester, N. H , stock,
Quincy Railroad Bridge Co. stock, .
Pullman's Palace Car Co. stock,
Manchester, N. H., Gas Light Co. stock,
American Express Company stock, .
Adams Express Company stock,
Par Value.
$20,000 00
66,000 00
26,400 00
20,000 00
40,000 00
22,000 00
13,000 00
6,000 00
5,000 00
8,000 00
1,700 00
5,000 00
2,500 00
1,000 00
10,000 00
3,300 00
40,000 00
20,000 00
30,000 00
, 2,000 00
10,000 00
10,000 00
Market Value.
$ 36,000 00
85,800 00
36,960 00
25,000 00
80,000 00
35,500 00
16,250 00
8,400 00
6,500 00
24,000 00
1,700 00
6,250 00
2,500 00
1,100 00
17,000 00
4,455 00
40,000 00
40,000 00
60,000 00
12,000 00
19,000 00
18,000 00
Securities held as collateral for cash loans : -
250 shares Swift Refrigerator Transp. Co.,
426 " Exeter Manufacturing Co.,
Exeter Manufacturing Company bonds, .
350 shares Atchison, Topeka & Santa Fe R.R.,
350 " American Woolen Company, .
150 " Swift & Co,, . . . ' .
$ 1,864,760 00 $2,374,195 00
Market Value. Loaned Thereon.
$32,500 00
21,300 00
12,000 00
33,250 00
24,500 00
15,150 00
$25,000 00
25,000 00
25,000 00
30,000 00
$138,700 00 $105,000 00
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
31, 1901.
$168,981 62
487,016 66
5,107 00
2,374,195 00
105,000 00
629 56
197,888 03
* Value of lands mortgaged $484,860 00
Value of buildings thereon 777,250 00
Amount of insurance held as collateral, .... 480,050 00
316
NEW HAMPSHIRE FIRE INSURANCE CO.
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$5,887 46
173,304 71
$3,518,010 04
11,500 00
Balance, $3,506,510 04
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$59,102 82
110,889 00
20,096 00
1,241,320 91
43,326 18
25,442 26
$1,500,177 17
7,228 10
1,492,949 07
. $2,013,560 97
. 1,000,000 00
$1,013,560 97
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employ
for State and local taxes,
for profit and loss account,
for incidentals,
Gross cash expenditures,
$191,575 46
1,845,100 85
$2,036,676 31
173,304 71
$1,863,371 60
415,124 63
sources,
61,448,246 97
29,321 74
101,787 41
18,645 83
$1,598,001 95
$1,109,110 40
188,279 64
$920,830 76
100,000 00
361,074 71
68,741 84
54,457 61
7,689 53
84,968 32
$1,597,762 77
NEW YORK FIRE INSURANCE CO.
317
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . $211,217,571 00 $2,458,408 32
Fire risks written during 1901, .. . 153,006,179 00 1,845,100 85
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$364,223,750 00 $4,303,509 17
140,267,700 00 1,711,930 32
$223,956,050 00 $2,591,578 85
13,956,584 00 161,040 16
$209,999,466 00 $2,430,538 69
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.), »
Company's stock owned by directors, ....
$19,465,709 00
10,697,590 00
930,133 00
1,373,000 00
100,000 00
233,000 00
"NEW YORK FIRE INSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.]
Paid-up Capital, $200,000.
AUGUSTUS COLSON, President. CHARLES A. HULL, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds,
Pennsylvania R.R. Co. stock, .
N. Y., New Haven & Hart. R.R. stock,
National Bank of Commerce stock, .
Par Value. Market Value.
$200,000 00 $217,000 00
10,000 00 15,000 00
10,000 00 21,200 00
2,500 00 9,000 00
$222,500 00 $262,200 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$100,000 00
262,200 00
13,068 79
34,020 07
54 17
$409,343 03
318
NEW YORK FIRE INSURANCE CO.
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$25,786 67
1,398 78
$27,185 45
313 00
$26,872 45
128,082 53
6,993 23
500 59
$ 162,448 80
$246,894 23
200,000 00
846,894 23
Income,
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$30,642 63
253,941 49
$284,584 12
33,858 15
$250,725 97
50,984 31
8199,741 66
Marine premiums outstanding Dec. 31, 1900, .
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
Income from rents,
$6,157 44
21,513 28
$27,670 72
161 92
$27,508 80
6,060 39
$21,448 41
10,118 37
1,874 96
Gross cash income, $233,183 40
Expe>~ditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
§141,896 54
3,821 23
$32,341 96
3,092 13
8138,075 31
29,249 83
NIAGARA FIRE INSURANCE CO.
319
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures,
§12,000 00
42,732 26
20,716 21
5,155 94
12,587 93
$260,517 48
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
.$20,971,957 00 $178,634 31
. 25,000,260 00 253,941 49
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total, .....
Deduct risks expired and terminated,
In force at end of year,
.$45,972,217 00 $432,575 80
. 24,873,740 00 215,855 98
$21,098,477 00 $216,719 82
629,633 00 6,951 73
. $20,468,844 00 $209,768 09
. $2,131,224 00 $72,103 54
756,226 00 21,513 28
. $2,887,450 00 $93,616 82
. 2,358,221 00 75,969 67
$529,229 00 $17,647 15
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, .
$6,452,760 00
3,102,325 00
139,071 00
26,620 00
1,514,000 00
12,000 00
86,000 00
"NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated July, 1S50. Commenced business August, 1850.]
Paid-up Capital, $500,000.
HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $85,000 00 $108,700 00
territory N. Mexico Provisional Indebt. bMs, . 10,000 00 11,500 00
Tew York city school house bonds, . . 200,000 00 200,000 00
few York city water stock 60,000 00 60,000 00
320
NIAGARA FIRE INSURANCE CO.
Additional water stock of the city of N. Y.,
Corporation bonds of the city of N. Y., .
Corporate stock of the city of N. Y.,
Wabash Railway Co. bonds,
N. Pac. R'y Co. Prior Lien & Land Grant b'ds
Atch., Topeka & Santa Fe R.R. bonds, .
Denver & Rio Grande R.R. Co. bonds,
Union Pacific R.R bonds,
Baltimore & Ohio R'y Co. bonds,
Norfolk & Western R'y Co bonds, .
Central Pacific R.R. bonds,
North. Pacific, Gt. Northern R.R. joint bonds,
The Third Avenue R.R. Co. bonds, .
Lake (111.) Gas Co. of Cook Co., 111., bonds,
Lehigh & Wilkes-Barre Coal Co. bonds, .
Lehigh Coal & Navigation Co. bonds,
The N. Y. Gas, Elec. Light, Heat & P. Co. bonds
500 shares Lehigh Coal & Navigation Co ,
300 " N. Y., Lack. & Western R'y,
1,900 " Chic , Mil. & St. Paul R.R., .
1,000 " Union Pacific R.R.,
100 " Pitts., Ft. Wayne & Chic. R.R.,
100 " Rensselaer & Saratoga R.R.,
200 " Cleveland & Pittsburg R.R.,
2,000 " Pennsylvania R.R.,
400 M Morris & Essex R.R., .
1,000 " N. Y. Central & Hud. River R.R,
350 " American Exchange Nat'l Bank,
700 " Consolidated Gas Co., .
Par Value.
',000 00
25,000 00
100,000 00
50,000 00
50,000 00
50,000 00
15,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
20,000 00
20,000 00
25,000 00
50,000 00
25,000 00
30,000 00
190,000 00
100,000 00
10,000 00
10,000 00
10,000 00
100,000 00
20,000 00
100,000 00
35,000 00
70,000 00
Market Value.
,000 00
26,500 00
105,500 00
57,500 00
50,000 00
50,000 00
15,000 00
50,000 00
49,250 00
50,000 00
50,000 00
49,500 00
50,000 00
22,000 00
20,000 00
25,000 00
48,500 00
37,500 00
39,000 00
336,500 00
90,000 00
19,000 00
21,000 00
19,000 00
150,000 00
38,400 00
167,000 00
98,000 00
150,500 00
$1,860,000 00 $2,364,850 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), $ 192,000 00
Interest due or accrued thereon, . . . 6,347 26
Stocks and bonds, as per schedule, . . . 2,364,850 00
Cash in the office of the company, . . . 636 96
Cash deposited in bank, 211,464 44
Interest due and accrued, ...... 4,324 99
Premiums in course of collection (gross), . 327,125 16
Prem's more than three mos. due, $2,507 40
Gross assets,f
Deduct special deposits in other States,
§3,106,748 81
120,200 00
Balance 12,986,548 81
* Value of property mortgaged $321,000 00
Amount of insurance held as collateral 129,500 00
t Including $250,000 special reserve held under New York laws.
NIAGARA FIRE INSURANCE CO.
321
Liabilities,
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
f81,860 78
139,767 61
32,703 41
$254,331 80
48,850 14
$205,481 66
1,492,752 51
63,723 98
16,978 23
2,488 58
2,171 67
$1,783,596 63
11,092 95
$1,772,503 68
$1,214,045 13
500,000 00
$714,045 13
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from all other sources,
Gross cash income,
$270,139 43
2,525,860 12
$2,795,999 55
327,125 16
$2,468,874 39
621,841 45
other sources,
$1,847,532 94
12,255 76
86,838 34
3,764 61
$1,950,391 65
.Expenditures.
Cash paid for fire losses, $
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . ' . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
1,441,971 65
292,311 56
Gross cash expenditures, .
$1,149,660 09
50,000 00
367,748 38
157,846 21
53,168 44
142,164 79
$1,920,587 91
322 THE NORTH BRITISH AND MERCANTILE INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . 27,460,221 00 £3,062,456 68
Fire risks written during 1901, . . . 237,773,080 00 2,525,860 12
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
8565,233,301 00 $5,588,316 80
. 225,261,026 00 2,308,436 62
8339,972,275 00 §3,279,880 18
. 44,488,521 00 393,396 15
£295,483,754 00 £2,886,484 03
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
146,373,184 00
25,802,877 00
1,182,313 00
2,684,000 00
50,000 00
161,350 00
"THE NORTH BRITISH AND MERCANTILE INSURANCE
COMPANY OF NEW YORK," NEW YORK, N. Y.
[Incorporated October, 1S97. Commenced business October, 1897.]
Paid-up Capital, $200,000.
E. G. RICHARDS, President. J. F. HASTINGS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$50,000 00
50,000 00
United States bonds, .
New York State bonds, '.
City of Brooklyn bonds, .
New York city bonds,
Southern R'y Co.'s stock, .
Chic, Mil. & St. Paul R.R. Co.'s stock,
50,000 00
153,000 00
100,000 00
67,500 00
Market Value.
$55,500 00
51,000 00
52,500 00
159,530 00
88,000 00
127,575 00
£470,500 00 $534,105 00
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, . . . § 534,105 00
Cash deposited in bank, 14,032 54
Interest due and accrued, 2,526 00
THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 323
Premiums in course of collection (gross) ,
Reinsurance due for losses paid,
Prems. more than three mos. due, $72 18
$13,470 22
1,800 82
$565,934 58
Liabilities.
Losses adjusted, unpaid,
claimed and reported, ....
disputed or resisted, . .
$1,981 54
5,567 74
1,000 00
Total amount of losses,
Less reinsurance,
$8,549 28
7,888 86
Net amount of unpaid losses, ....
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, ....
Gross liabilities, except capital,
$660 42
34,608 63
108 00
2,978 46
38,355 51
$12,964 34
123,012 78
Surplus as regards policy holders, .
$527,579 07
200,000 00
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$327,579 07
Total,
Premiums now in course of collection, .
$135,977 12
13,542 40
Entire premiums collected, ....
Less reinsurance and return premiums, .
$122,434 72
69,487 06
$52,947 66
15,251 82
Interest and dividends received from all sources,
$46,593 07
30,390 68
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
$68,199 48
$16,202 39
9,924 68
2,425 00
3,737 78
2,321 39
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks,
• ■ •
$120 00
Gross cash expenditures,
$34,611 24
324
NORTHERN INSURANCE CO. OF NEW YORK.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
.$10,179,191 00
. 18,541,107 00
. §28,720,298 00
. 14,076,965 00
.$14,643,333 00
. 5,162,496 00
. $9,480,837 00
|3,000 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Premiums.
$88,247 06.
122,892 78
$211,139 84
94,378 52
$116,761 32
58,156 13
■<,605 19
$120 00
;,359 00
93,690 00
16,817 00
"NORTHERN INSURANCE COMPANY OF NEW YORK, "
NEW YORK, N. Y.
[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897. ]
Paid-up Capital, $250,000.
LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
New York city bonds, $175,000 00 $181,125 00
United States bonds, 100,000 00 139,500 00
West Shore R.R. bonds 25,000 00 28,500 00
Northern Pac.-Great Northern R'y bonds, . 20,000 00 19,800 00
1,000 " Pennsylvania R.R. Co., . . 50,000 00 75,250 00
200 " Atch., Topeka & Santa Fe R.R., . 20,000 00 20,500 00
200 " Union Pacific R'y Co., . . . 20,000 00 18,000 00
100 " Chic, Mil. & St. Paul R'y Co., . 10,000 00 16,500 00
$420,000 00 6499,175 00
31, 1901.
$499,175 00
2,201 26
35,151 48
1,631 09
41,145 00
4,810 25
27 09
8584,141 17
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Reinsurance due on losses paid,
Miscellaneous, ."
Gross assets, ...
NORTHERN INSURANCE CO. OF NEW YORK.
325
Liabilities.
Losses claimed and reported,
Less reinsurance,
Net amount of unpaid losses, . .
Unearned premiums on outstanding risks,
State and local taxes, ....
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$45,388 60
18,777 20
$26,611 40
142,829 79
2,000 00
13,892 46
1,137 73
,471 38
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900, . $27,958 35
Premiums on risks written or renewed, . . 291,884 09
Total, $319,842 44
Premiums now in course of collection, . . 41,145 00
Entire premiums collected, .... $278,697 44
Less reinsurance and return premiums, . . 55,223 31
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Profit on sale of securities,
$397,669 79
250,000 00
$147,669 79
$223,474 13
19,936 25
15,073 89
Gross cash income, $258,484 27
Expenditures.
Cash paid for fire losses, $320,731 59
Deduct salvage and reinsurance, . . . 198,791 81
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $24,214,180 00
. 30,273,141 00
. $54,487,321 00
. 27,777,619 00
. $26,709,702 00
. 2,300,000 00
$121,939 78
77,173 74
5,655 51
4,559 66
$209,328 69
Premiums.
$262,183 84
291,884 09
$554,067 93
247,086 21
$306,981 72
23,972 88
. $24,409,702 00 $283,008 84
326
THE NORTH GERMAN FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$989,133 00
614,715 00
111,825 00
12,000 00
88,300 00
"THE NORTH GERMAN FIRE INSURANCE COMPANY OF
NEW YORK," NEW YORK, X. Y.
[Incorporated May 15, 1899. Commenced business June 17, 1899.]
Paid-up Capital, $200,000.
C. PERGER, President. E. HARBERS, Secretary.
Detailed Statement of Bonds.
Par Value.
Union Pacific R.R. bonds, 5, 000 00
United States bonds, 25,000 00
New York city bonds 218,000 00
Market Value.
?26,250 00
27,125 00
21o,515 00
8268,000 00 £268,890 00
Summary of Assets Dec 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$268,890 00
23 00
19,152 75
1,733 32
43,348 39
$333,147 46
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
§6,276 75
8,435 53
3,550 00
§18,262 28
103 55
$18,158 73
89,172 19
1,000 00
15,458 85
625 96
124,415 73
§208,731 73
200,000 00
-.731 73
THE NORTH GERMAN FIRE INSURANCE CO.
327
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
[,184 19
182,328 73
|203,512 92
43,348 39
$160,164 53
41,826 38
$118,338 15
8,150 00
Gross cash income, §126,488 15
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$73,086 75
7,661 92
$65,424 83
36,070 32
8,313 89
2,442 54
4,101 81
$116,353 39
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$10,060,581 00
15,094,555 00
Premiums.
$110,974 01
182,328 73
$25,155,136 00 $293,302 74
11,066,309 00 123,360 90
$14,088,827 00 $169,941 84
817,466 00 8,722 02
.$13,271,361 00 $161,219 82
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$287,402 00
112,403 00
75,920 00
95,300 00
328
THE NORTH RIVER INSURANCE CO.
"THE NORTH RIVER INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated Feb. 6, 1822. Commenced business March 6, 1822.]
Paid-up Capital, $350,000.
WM. E. IIUTCHINS, President. FREDERICK H. CRUM, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
New York city bonds, $415,000 00
400 shares Pennsylvania R.R., .... 20,000 00
100 " Chicago & Alton R'y, . . . 10,000 00
100 " St. Louis & San Francisco R.R.,
200
Union Pacific R.R,
10,000 00
Market Value.
£417,238 75
30,000 00
7,600 00
8,400 00
20,000 00 18,000 00
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, $1,530 62
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Dividends to stockholders unpaid,
Commissions and brokerage, .
Return premiums and reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
$475,000 00 $481,238 75
31, 1901.
$103,451 10
60,900 00
1,513 15
481,238 75
137,115 04
2,382 90
67,185 10
2,595 97
$856,382 01
Surplus over capital,
$7,880 71
21,437 25
$29,317 96
2,212 84
$27,105 12
271,909 59
3,499 00
16,581 77
10,294 37
639 97
330,029 82
$526,352 19
350,000 00
$176,352 19
* Value of lands mortgaged, $129,900 00
Value of buildings thereon, S2.600 00
Amount of insurance held as collateral, .... 76,975 00
THE NORTH RIVER INSURANCE CO.
329
Income.
Fire premiums outstanding Dec. 31, 1900, . $64,359 80
Same not collected, 1,447 59
Net collected, $62,912 21
Premiums on risks written or renewed, . . 501,435 68
Total, . . $564,347 89
Premiums now in course of collection, . . 68,715 72
Entire premiums collected, .... $495,632 17
Less reinsurance and return premiums, . . 126,957 55
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources,
Profit on sale of bonds,
Gross cash income, .
$368,674 62
3,123 10
21,180 44
3,686 06
$396,664 22
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$241,808 37
22,138 92
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
. Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$58,278,611 00
. 57,112,215 00
$115,390,826 00
. 48,650,021 00
,740,805 00
4,542,480 00
8219,669 45
27,285 25
87,787 17
31,416 25
4,155 44
15,723 45
$386,037 01
Premiums.
$466,299 69
501,435 68
$967,735 37
424,694 36
$543,041 01
25,536 75
. $62,198,325 00 $517,504 26
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent), .
Company's stock owned by directors, .
^6,516,624 00
2,936,311 00
198,301 00
2,724,750 00
28,000 00
93,975 00
330
NORTHWESTERN NATIONAL INSURANCE CO.
"NORTHWESTERN NATIONAL INSURANCE COMPANY OF
MILWAUKEE, WISCONSIN," MILWAUKEE, W
[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.]
Paid-up Capital, $600,000.
ALFRED JAMES, President. W. D. REED, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $200,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 200,000 00
Milwaukee, Lake Shore & Western R.R. b'ds, 50,000 00
Chicago & Northwestern R'y bonds, . . 100,000 00
Chicago, Burlington & Quincy R.R. bonds, . 50,000 00
Atchison, Topeka & Santa Fe R'y bonds, . . 100,000 00
Southern R'y Co. bonds, 100,000 00
Union Pacific R'y bonds, 100,000 00
Northern Pacific R'y Co. bonds, . . . 100,000 00
Pittsburgh, C, C. & St. L. R'y bonds, . . 100,000 00
Milwaukee city bonds, 79,000 00
Chicago Sanitary District bonds, . . . 50,000 00
Waukesha sewerage bonds, .... 30,000 00
Baltimore & Ohio R'y bonds, .... 100,000 00
Chicago & Alton R'y bonds, .... 100,000 00
Wisconsin Central R'y bonds, .... 50,000 00
Union Pacific R'y stock, 50,000 00
Market Value.
$276,000 00
226,750 00
67,500 00
103,000 00
52,000 00
101,000 00
117,000 00
103,000 00
103,000 00
108,000 00
82,160 00
53,000 00
31,500 00
99,500 00
84,000 00
44,000 00
44,000 00
$1,559,000 00 $1,695,410 00
Summary of Assets Dec 31, 1901.
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
st liens*), $1,048,656 67
7,757 45
1,695,410 00
9,518 30
133,767 10
5,666 65
231,423 99
$3,132.2'
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
§10,361 67
64,366 25
2,900 00
$77,627 92
11,672 79
865,955 13
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$2,169,030 00
1,706,417 00
97S.700 00
NORTHWESTERN NATIONAL INSURANCE CO.
331
Unearned premiums on outstanding risks,
Special reserve for large conflagrations, .
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
fl,322,459 85
50,000 00
58,856 00
7,652 61
699 75
2,910 18
$ 1,508,533 52
. $1,623,666 64
600,000 00
Surplus over capital, $ 1,023,666 64
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
$1,115,439 76
45,986 77
Interest and dividends received from all other sources, . . 70,927 44
$203,539 87
297 97
$203,241 90
1,450,761 73
$1,654,003 63
231,423 99
$1,422,579 64
307,139 88
Gross cash income, $1,232,353 97
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for depreciation of assets,
for incidentals, ....
$603,212 62
82,208 39
$521,004 23
3,174 10
81,000 00
267,578 38
121,595 19
40,379 38
274 25
69,601 86
Gross cash expenditures,
. $1,104,607 39
332
ORIENT INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Deduct risks expired and terminated,
$272,915,878 00
145,090,837 00
$418,006,715 00
132,291,130 00
1285,715,585 00
26,348,570 00
Premiums.
$2,665,820 55
1,450,761 73
$4,116,582 28
1,323,906 42
$2,792,675 86
269,283 12
$259,367,015 00 $2,523,392 74
$199,578 00
199,578 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (13.5 per cent.),
Company's stock owned by directors, ....
$16,666 52
16,666 52
$18,117,035 00
8,919,018 00
054,026 00
1,172 00
1,650,000 00
81,000 00
277,000 00
" ORIENT INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June 28, 1867. Commenced business January, 1872.]
Paid-up Capital, $500,000.
A. G. MCILWAINE, Jr., President. JAMES WYPER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $50,000 00 855,875 00
Mass. Metropolitan water loan, . . . 200,000 00 221,000 00
State of Connecticut bonds, . . . . 5,000 00 5,350 00
State of Georgia bonds, 25,000 00 28,250 00
Territory of Arizona funding bonds, . . 25,000 00 27,500 00
Alexandria, Ind., Water Works bonds, . . 9,000 00 9,405 00
City of Fayetteville, N. C , bonds, . . . 10,000 00 11,250 00
City of New London, Conn., bonds,. . . 5,000 00 5,487 50
City of Norfolk, Va., bonds 20,000 00 22,316 67
City of Oak Cliff, Tex., bonds 5,000 00 5,000 00
City of Richmond, Va., bonds, .... 24,000 00 28,329 00
City of South Norwalk, Conn., bonds, . . 25,000 00 27,593 75
City of Sioux Falls, Dak., bonds, . . . 13,000 00 14,081 89
City of Wichita Falls, Tex., bonds, . . . 8,500 00 7,650 00
City of Willimantic, Conn., bonds, . . . 20,000 00 22,075 00
County of Finney, Kan., bonds, . . . 10,000 00 11,150 00
ORIENT INSURANCE CO.
333
County of Glynn, Ga., bonds, .
County of Pierce, Wash., bonds,
County of Wichita, Kan., bonds,
County of W^hite, Tenn., bonds,
Bethany Twp., Osborne Co., Kan., bonds,
Medicine Lodge Twp., Barber Co., Kan., bonds
Oswego Twp., Labette Co., Kan., bonds, .
Precinct of Beaver, Neb., bonds,
Precinct of Stanton, Neb., bonds,
Town of Thornaston, Conn., bonds,
Colorado school bonds,
Dakota school bonds,
Nebraska school bonds, .
Texas school bonds, .
Washington school bonds,
Wyoming school bonds, .
Atchison, Topeka & Santa Fe R.R. Co. bonds
Central Georgia bonds,
Central R.R. of N. J. bonds,
Chicago, Burl., & Quincy R.R. Co. bonds,
Chic , Rock Island & Pacific R.R. Co. bonds,
Chic, Mil. & St. Paul R.R. Co. bonds, .
Cin., Jackson & Mackinaw R.R. Co. bonds,
Cincin., Dayton & Ironton R.R. Co. bonds,
C, C, Cin. & Indianap. R.R. Co. bonds, .
Cleveland Term. & Valley R.R. Co. bonds,
Columbus & Toledo R.R. Co. bonds,
Dayton & Michigan R.R. Co. bonds,
Detroit, Grand Rap. & West. R.R. Co. bonds,
E. Tenn., Virginia & Ga. R.R. Co. bonds,
Georgia R.R. & Banking Co. bonds,
Illinois Central bonds, ....
Kanawha & Michigan R.R. Co. bonds,
Lehigh & New York bonds,
Minneapolis & St. Louis R.R. Co. bonds,.
Morris & Essex R.R. Co. bonds,
N. Y, N. H. & Hartford R.R. Co. bonds, .
Norfolk & Western R.R. Co. bonds, .
Ohio & West Virginia R.R. Co. bonds,
Phil. & Reading Terminal R.R. Co. bonds,
Pitts., Cleve. & Toledo R.R. Co. bonds, .
Sav., Florida & Western R.R. Co. bonds,
Seaboard & Roanoke bonds,
Southern R.R. Co. bonds, ....
Terre Haute & Logansport R.R. Co. bonds,
Vermont Valley R.R. Co. bonds,
West Chicago St. R'y Tunnel Co. bonds, .
West Shore R.R. Co. bonds,
Par Value.
$10,000 00
10,000 00
4,000 00
2,000 00
3,500 00
5,000 00
5,000 00
5,000 00
8,000 00
15,000 00
6,000 00
2,200 00
3,264 64
10,000 00
10,000 00
3,000 00
14,000 00
20,000 00
65,000 00
10,100 00
20,000 00
20,000 00
12,000 00
10,000 00
35,000 00
10,000 00
13,000 00
25,000 00
10,000 00
15,000 00
10,000 00
20,000 00
25,000 00
10,000 00
30,000 00
10,000 00
32,200 00
10,000 00
3,000 00
10,000 00
10,000 00
10,000 00
20,000 00
10,000 00
4,000 00
25,000 00
10,000 00
80,000 00
Market Value.
§11,458 33
10,751 67
4,000 00
2,000 00
3,535 00
5,150 00
5,000 00
5,400 00
8,400 00
15,100 00
6,000 00
2,200 00
3,264 64
10,000 CO
10,000 00
3,000 00
13,723 33
20,100 (JO
85,637 50
12,990 83
20,600 00
36,700 00
5,000 00
11,316 67
45,654 17
9,733 33
13,920 83
27,625 00
9,950 00
17,725 00
10,450 00
19,950 00
24,000 00
9,666 67
32,250 00
13,641 67
65,688 00
10,100 00
3,565 00
12,366 67
11,450 00
11,075 00
22,100 00
12,050 00
4,200 00
27,812 50
9,991 67
88,000 00
334
ORIENT INSURANCE CO.
Willmar & Sioux Falls bonds, .
Arizona Water Co. bonds,
First Baptist Church, Nashville, Tenn., bonds
Iowa Mortgage Co., trust debenture bonds,
Rutland & Grafton District, 111., bonds, .
60 shares iEtna National Bank, Hartford,
333 " American National Bank, Hart.,
113 " City National Bank, Hartford,
59 " Far. & Mech. Nat'l B'k, Hartford,
60 " First National Bank, Norwich,
520 " Hartford National Bank, Hartford
100 " Holland Trust Co., New York,
152 " Mercantile National Bank, Hart.,
200 " Thames National Bank, Norwich,
804 " N. Y., N. H. & Hart. R.R. Co.,
255 " St. Jos., S. Bend & So'n R R. Co.,
100 " Arizona Water Co., .
Par Value.
-M 5,000 00
5,333 33
10,500 00
1,600 00
1,000 00
6,000 00
16,650 00
11,300 00
5,900 00
6,000 00
52,000 00
10,000 00
15,200 00
20,000 00
80,400 00
25,500 00
10,000 00
Market Value.
618,460 00
2,833 33
10,762 50
800 00
1,000 00
11,700 00
21,645 00
11,300 00
6,785 00
3,900 00
69,680 00
5,000 00
304 00
30,800 00
164,820 00
15,500 00
2,500 00
11,457,147 97 $1,704,397 12
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Special cash deposit,
Prems. more than three mos. due, §1,017 24
Gross assets,
Deduct special deposits in other States, .
$78,925 21
120.900 00
3,744 16
1,704,397 12
2,938 98
99,852 77
22,627 97
159.901 38
656 82
5,000 00
12,198,944 41
94,870 67
Balance $2,104,073 74
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
$31,160 15
101,685 72
27,490 50
|160,336 37
21,885 09
f 138,451 28
* Value of property mortgaged, .
Amount of insurance held as collateral,
$393,235 00
34,950 00
ORIENT INSURANCE CO.
335
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
8817,136 29
36,402 39
5,144 95
1,10-4 19
$998,239 10
34,418 21
- $963,820 89
. $1,140,252 85
500,000 00
Surjjlus over capital,
$640,252 85
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Gross cash income,
$207,634 14
821 97
$206,812 17
1,518,844 01
$1,725,656 18
160,918 62
$1,564,737 56
503,905 56
sources,
- $1,060,832 00
9,753 38
70,651 58
3,216 76
177 93
. $1,144,631 65
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals,
$961,696 72
153,192 51
$10,651 14
5,374 79
$808,504 21
5,276 35
233,882 09
79,644 00
32,712 51
3,681 63
70,408 15
Gross cash expenditures,
$1,234,108 94
336
PAWTUCKET MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Deduct risks expired and terminated,
$207,441,540 00
. 127,054,015 00
$334,495,555 00
. 164,043,732 00
$170,451,823 00
. 29,505,472 00
. Premiums.
$2,043,414 64
1,518,844 01
$3,562,258 65
1,674,804 11
$1,887,454 54
,980 08
$140,946,351 00 81,613,474 46
$417,975 00
417,975 00
3 87
6,733 87
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$23,124,323 00
. 14,725,893 00
735,229 00
1,957 00
. 1,240,000 00
3,000 00
"PAWTUCKET MUTUAL FIRE INSURANCE COMPANY,"
PAWTUCKET, R. I.
[Incorporated May, 1848. Commenced business February, 1S49.]
A. A. MANN, President. ISAAC SHOVE, Secretary.
Permanent fund, Dec. 31, 1901, -5210,420 84
Detailed Statement of Stocks and Bonds.
Par Value.
§ 137,000 00
United States bonds, ....
Rhode Island State bonds,
Slater Trust Co., Pawtucket, R. L, stock,
Pawtucket Gas Co. stock, .
Providence & Worcester R.R. Co. stock,
American Screw Co. stock,
20,000 00
5,000 00
5,450 00
4,900 00
1,000 00
Market Value.
1172.970 00
21,400 00
10,400 00
10,464 00
14,528 00
790 00
$173,350 00 f230,552 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), § 55,840 00
Stocks and bonds, as per schedule, . . . 230,552 00
Cash deposited in bank, 75,470 23
Gross assets, f 36 1,862 23
* Value of property mortgaged, $147,300 00
Amount of insurance held as collateral, .... 81,40000
PAWTUCKET MUTUAL FIRE INSURANCE CO.
337
Liabilities.
Losses claimed and reported, .... $637 58
Unearned premiums on outstanding risks, . 149,402 93
State and local taxes, 1,400 88
Gross liabilities,
§151,441 39
Net cash assets, $210,420 84
Income.
Premiums outstanding Dec. 31, 1900, . . $2,422 92
Premiums on risks written or renewed, . . 76,817 47
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources, .
$79,240 39
292 39
3,460 52
9,449 75
Gross cash income, $92,443 05
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
$32,700 92
21,460 86
9,484 67
6,472 00
1,762 53
1,617 00
2,738 08
$76,236 06
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1900, $2 1,243,237 00 $275,236 50 $275,236 50
Risks written during 1901, . 5,645,175 00 76,817 47 76,817 47
Total, $26,888,412 00 $352,053 97 $352,053 97
Risks terminated during 1901, . 5,089,443 00 65,787 20 65,787 20
In force at end of year, . .$21,798,969 00 $286,266 77 $286,266 77
Deduct amount reinsured, . 8,000 00 47 53 47 53
Net amount in force, . .$21,790,969 00 $286,219 24 $286,219 24
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 20, 25, 30, 33|, 40
and 50 per cent.
$32,004 00
338
THE PELICAN ASSURANCE CO.
"THE PELICAN ASSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated March 7, 1899. Commenced business M;ty 1, 1*99.]
Paid-up Capital, $200,000.
A. D. IRVING, President. L. P. BAYARD, Seer
Detailed Statement of Bonds.
United States bonds,
Brooklyn city bonds, ....
N. Y. Central & Hudson River R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Gt. Northern-Northern Pacific R.R. bonds,
Par Value.
$200,000 00
75,325 00
35,000 00
25,000 00
10,000 00
Market Value.
1218,000 00
80,644 27
34,212 50
24,031 25
9,900 00
$345,325 00 $366,788 02
Summary of Assets Dec
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, (§155 76
Gross assets,
31, 1901.
$366,788 02
1,611 83
29,974 23
33,149 67
1,642 64
$433,166 39
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
£233 00
26,657 00
494 00
$27,384 00
2,980 00
$24,404 00
109,288 47
7,660 57
8,486 79
149,839 83
. $283,326 56
200,000 00
Surplus over capital,
fS3,326 56
THE PELICAN ASSURANCE CO.
339
Income.
Fire premiums outstanding Dec. 31, 1900, . $27,721 00
Same not collected, 150 34
Net collected $27,570 66
Premiums on risks written or renewed, . . 273,763 71
Total, . $301,334 37
Premiums now in course of collection, . . 33,305 43
Entire premiums collected, .... $268,028 94
Less reinsurance and return premiums, . . 74,432 61
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
$193,596 33
10,397 69
Gross cash income, $203,994 02
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$95,949 24
9,512 45
$86,436 79-
50,228 56
4,580 04
5,011 33
10,550 77
$156,807 49
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . .$17,296,13100 $158,096 81
Fire risks written during 1901, . . . 26,407,020 00 273,763 71
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured, '.
Net amount in force, .
$43,703,151 00 $431,860 52
18,519,449 00 188,859 26
$25,183,702 00 $243,001 26
4,542,954 00 37,161 18
. $20,640,748 00 $205,840 08
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$376,070 00
160,495 00
46,276 00
6,500 00
340
PENNSYLVANIA FIRE INSURANCE CO.
"PENNSYLVANIA FIRE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March, 1825. Commenced business April, 1825.]
Paid-up Capital, $400,000.
R. DALE BENSON, President. W. GARDNER CROWELL, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States Joans, $80,000 00 f 87,600 00
Philadelphia city loans, 3,000 00 3,090 00
St. Louis city bonds, 25,000 00 28,500 00
Cincinnati city bonds, 48,000 00 50,400 00
City of Springfield, 111 , bonds, . . . 35,000 00 37,450 00
City of Dayton, Ohio, bonds, .... 32,000 00 37,760 00
City of Columbus, Ohio, bonds, . . . 36,000 00 37.
City of Quincy, 111 , bonds, .... 25,000 00 27,250 00
Newark, Ohio, bonds, 12,000 00 12,720 00
City of Duluth, Minn., bonds, .... 47,000 00 50,760 00
Borough of Sharpsburg, Pa., bonds, . . 40,000 00 40,800 00
Sanitary District, Chicago, 111., bonds, . . 13,000 00 13,260 00
Sch. Dist. of the Boro 1 of Sewickley, Pa., b'ds, 24,000 00 25,200 00
City of Trenton, N. J., tax warrants, . . 32,256 00 32,256 00
West Knoxville General Improv. Co. bonds, . 20,000 00 24,000 00
Phila., Wilmington & Bait. R R. certificates, . 115,000 00 124,200 00
Philadelphia & Erie R.R. Co. bonds, . . 75,000 00 90,750 00
Pennsylvania R.R. Co. bonds, ... . . 28,000 00 30,240 00
Philadelphia & Reading R.R. Co. bonds, . . 137,500 00 172,725 00
Lehigh Valley R.R. Co. bonds, . . . 150,000 00 164,000 00
Penn. & N. Y. Canal & R.R. Co. bonds, . . 122,000 00 123,170 00
Chicago & Western Indiana R.R. Co. bonds, . 127,000 00 149,680 00
Jacksonville Southeastern R'y Co. bonds, . 11,000 00 8,800 00
Shamokin, Sunb'y & Lewisb'g R.R. Co. bonds, 20,000 00 21,000 00
St. Paul & Northern Pacific R.R. Co. bonds, . 50,000 00 65,000 00
Cleve., Col., Cin & Indianap. R'y Co. bonds, . 30,000 00 40,£
N. Y., Susquehanna & Western R.R. Co. b'ds, . 100,000 00 116,000 00
Indianapolis & Vincennes R.R. Co. bonds, . 7.00 00 8,120 00
Chicago & Erie R.R. Co. bonds, . . . 50,000 00 61,500 00
Baltimore & Potomac R.R. Co. bonds, . . 15,000 00 17,700 00
McKeesport & Belle Vernon R.R. Co. bonds, . 60,000 00 76,200
Newburgh & N. Y. R.R. Co. bonds,. . . 15,000 00 16,500 00
Northern Central RR. Co. bonds, . . . 8,000 00 8,72
Atlantic City R.R. Co. bonds, . 30,000 00 33,900 00
Camden Horse R R. Co. bonds, . . . 25,000 00 26.
Bellefonte Central R.R. Co. bonds, . . . 2,500 00 2,500 0Q
PENNSYLVANIA FIRE INSURANCE CO.
341
Evansville & Terre Haute R.R. Co. bonds,
Terminal R.R. Association of St. Louis bonds,
Lynn & Boston R.R. Co bonds,
Pine Creek R'y Co. bonds, .
Chicago & Northwestern R'y Co. bonds, .
Jacksonville & St. Louis R'y Co. bonds, .
Chicago, Rock Island & Pacific R.R. Co. bonds,
Chicago, Milwaukee & St. Paul R'y Co. bonds,
Chicago, Hammond & Western R.R. Co. bonds,
Chesapeake & Ohio R.R. Co. bonds,
Kansas City Southern R'y Co. bonds,
Western Transit Co. bonds,
Cleveland, Lorain & Wheeling R.R. Co. bonds
Louisville & Nashville R.R. Co. bonds,
Choctaw & Memphis R.R. Co. bonds,
St. Louis, Iron Mt. & Southern R'y Co. bonds
Baltimore & Ohio R.R. Co. bonds, .
Wisconsin Central R'y Co. bonds, .
Union Pacific R'y Co. bonds, .
L. & N. R.R. Co., Mob. & Mont. R'y Co. bonds,
N. Y., Philadelphia & Norfolk R.R. Co. bonds,
Erie R.R. Co. bond, ....
Southern Pacific R.R. Co., Cal., bonds,
Greenbrier R'y Co. bonds,
Central Pacific R'y Co. bonds, .
Lehigh Valley R.R. Co. bonds,
Erie R.R. Co. Equipment Trust bonds,
Southern R'y Co. Car Trust bonds, .
Lehigh Valley Coal Co. bonds,
Lehigh Coal & Navigation Co. bonds,
Chesapeake & Delaware Canal Co. bonds,
Penna. Co. Trust gold certificate, .
Heston., Mantua & Fairm't Pas. R.R. Co. b'ds
400 shares Bellefonte Central R.R. Co.,
144 " Reading Co., .
210 " Grand Rapids & Indiana R.R. Co.,
14 " Philadelphia Bourse,
200 " Philadelphia National Bank,
Par Value.
$25,000 00
50,000 00
50,000 00
50,000 00
47,000 00
44,500 00
75,000 00
50,000 00
100,000 00
42,000 00
26,000 00
50,000 00
50,000 00
100,000 00
50,000 00
50,000 00
125,000 00
50,000 00
25,000 00
5a,ooo oo
25,000 00
100,000 00
100,000 00
50,000 00
100,000 00
93,000 00
50,000 00
50,000 00
50,000 00
120,000 00
10,000 00
25,000 00
17,000 00
22,000 00
7,200 00
21,000 00
700 00
20,000 00
Market Value.
$27,000 00
57,000 00
57,000 00
67,500 00
50,760 00
15,925 00
80,250 00
56,500 00
128,000 00
50,400 00
18,720 00
50,500 00
58,000 00
100,000 00
58,000 00
58,000 00
117,500 00
45,000 00
26,750 00
55,000 00
26,000 00
96,000 00
110,000 00
47,500 00
89,000 00
94,360 00
52,000 00
51,000 00
54,500 00
124,800 00
5,000 00
24,500 00
20,060 00
5,500 00
4,200 00
6,300 00
70 00
54,400 00
Securities held as collateral for cash loans :
16 shares First N'l Bank, Shippensb'g, Pa.,
105 " Lehigh Coal & Navigation Co.,
10 " Commonwealth Title & Trust Co.,
90 " West Chester Fire Ins. Co., .
200 " Real Estate Trust Co., Phila ,
$3,620,656 00 $3,908,826 00
Market Value. Loaned Thereon.
$2,880 00 $2,300 00
8,295 00 >
640 00 ( 4 ' 000 00
3,285 00 2,400 00
30,000 00 18,000 00
342
PENNSYLVANIA FIRE INSURANCE CO.
4 shares Bank of North America,
7 " Moorestown National Bank,
5 " Burl. County Safe Dep. & T. Co.,
5 " Fire Ins. Co., County of Phila., .
100 " G. K., Hoi. & L. Mich. R. R'y Co.,
2,100 " Reading Co.,
100 " United Gas Improvement Co.,
1,000 " Western N. Y. & Penn. R'y Co., .
Western N. Y. & Pennsylvania R'y Co. bonds,
Bellefonte Central R.R. Co. bonds, .
Market Valuo. Loaned Thereon.
ftjOOO
00
1,675 00 n
380 00 i
00
530 00 )
10,000 00
9,500 00
70,800 1
11,500 00 \
55,000 00
8,000 00 J
7,000 00 \
12,000 00
4,000 00
2,000 00
9,885 00 $107,700 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
Balance,
31, 1901.
$209,500 00
738,633 33
6,918 01
3,908,826 00
107,700 00
212 45
129,926 60
797 61
362,149 54
15,464,663 54
87,600 00
15,377,063 54
Liabilities.
Losses adjusted, unpaid, $18,100 69
claimed and reported, .... 202,841 83
disputed or resisted, .... 8,391 02
Unearned premiums on outstanding risks, . 1,916,873 77
Reclaimable on perpetual fire policies, . . 862,904 74
Commissions and brokerage, .... 24,000 00
Gross liabilities, except capital, . . $3,033,112 05
Deduct liability on special deposits, . . 47,440 00
2,985,672 05
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
. $2,391,391 49
,G00 00
. $1,991,391 49
* Value of property mortgaged,
Amount of insurance beld as collateral,
=1,6-21.360 00
»X) 00
PENNSYLVANIA FIRE INSURANCE CO.
343
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Deposits received for perpetual fire risks,
Gross cash income,
$309,093 78
3,010,797 41
$3,319,891 19
362,149 54
$2,957,741 65
800,828 23
sources, .
$35,918 45
$2,156,913 42
40,374 03
177,389 03
4,485 94
$2,379,162 42
Expenditures.
Cash paid for fire losses, $1,620,823 01
Deduct reinsurance, 171,799 20
Net cash paid for fire losses, .... - — * —
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes, ....
for incidentals,
Deposits returned on perpetual fire risks, . f 20,506 86
Gross cash expenditures,
$1,449,023 81
100,000 00
503,016 93
94,916 00
71,693 24
109,555 50
$2,328,205 48
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$389,275,537 00 $3,668,003 23
.269,343,016 00 3,010,797 41
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$658,618,553 00 $6,678,800 64
.247,716,459 00 2,568,112 45
$410,902,094 00 $4,110,688 19
. 51,669,416 00 465,452 51
$359,232,678 00 $3,645,235 68
Perpetual risks in force (not incl'd above), . $37,869,826 00 $946,755 05
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, . . . .
$41,917,150 00
22,831,945 00
1,477,438 00
3,329,000 00
100,000 00
55,400 00
344
PHEXIX INSURANCE CO.
"PHENIX INSURANCE COMPANY,'' BROOKLYN, X. Y.
[Incorporated Sept. 10, 1S53. Commenced business Sept. 10, 1853.]
Paid-up Capital, $1,000,000.
GEORGE P. SHELDON, President. W'M. A. WRIGHT, Sean
Detailed Statement of Stocks, Bonds, etc.
Par Value.
United States government bonds, . . . £320,000 00
State of Virginia " century " bonds, . . 100,000 00
City of Richmond, Va., bonds, .... 21,000 00
N. Y. City consol. stock " dock bonds," . . 400,000 00
St. Paul, Minn & Manitoba R'y Co. bonds, . 50,000 00
Council Bluffs City Water Works Co. bonds, . 100,000 00
Denver Gas & Electric Co. bonds, . . . 150,000 00
Lincoln Gas & Electric Co. bonds, . . . 100,000 00
Grove Mills Paper Co. bonds 20,000 00
Niagara Falls Power Co. "debentures", . . 12,500 00
Chicago & North Western R.R. Co. stock, . 200,000 00
Pennsylvania R.R. Co. stock, .... 100,000 00
Union Pacific Railway Co. stock, . . . 200,000 00
Delaware, Lack. & Western R.R. Co. stock, . 160,000 00
Delaware & Hudson Canal Co. stock, . . 60,000 00
Chicago, Milwaukee & St. Paul R'y Co. stock, 265,000 00
Central R.R. Co. of New Jersey stock, . . 50,000 00
Pitts , Bessemer & Lake Erie R.R. Co. stock, . 50,000 00
Illinois Central R R. Co. stock, . . . 50,000 00
Pitts., Cincin., Chic. & St. Louis R'y Co. stock, 50,000 00
Erie R.R. Co. stock, 50,000 00
First National Bank, N. Y., stock, . . . 30,000 00
National Park Bank, N. Y., stock, . . . 30^000 00
National City Bank, N. l r ., stock, . . . 40,000 00
Western National Bank, N. Y., stock, . . 14,500 00
Chatham National Bank, N. Y., stock, . . 35,000 00
Nat'l Shoe & Leather B'k, N. Y"., stock, . . 20,000 00
Phenix National Bank, N. Y., stock, . . 4,000 00
National City Bank, Brooklyn, stock, . . 30,000 00
Mechanics' Bank, Brooklyn, stock, . . . 2",400 00
Brooklyn Bank, Brooklyn, stock, . . . 20,000 00
Trust Company of America stock, . . . 20,000 00
Bond & Mortgage Guarantee Co. stock, . . 10,000 00
United States Steel Corporation stock, . . 70,000 00
New York Mutual Gas Light Co. stock, . . 50,000 00
Consolidated Gas Co., N Y\, stock, . . . 112,500 00
Central & So. American Telegraph Co. stock, 100,000 00
" Realty Asso." (25°/ of subscription paid), . 50,000 00
Market Value.
$35^
100,000 00
22,050 00
400,000 00
57,500 00
100,000 00
112,500 00
75,000 00
21,000 00
12,500 00
410,000 00
150,000 00
204,000 00
409,600 00
106,800 00
449,250 00
97,000 00
36,0<)O 00
69,500 00
40,000 00
37,000 00
231,000 00
183,000 00
240,000 00
88,450 00
115,500 00
27,000 00
4.720 00
87,000 00
44,064 00
24,000 00
54,000 00
40,000 00
65,100 00
150,000 00
246,375 00
107.
12,500 00
f3,164,900 00 £4,987,809 00
PHENIX INSURANCE CO.
345
Securities held as collateral for cash loans : —
100 shares Consolidated Gas Co.,
100 " Amalgamated Copper Co.,
312 " Electric Storage Battery Co., .
100 " Kings Co. Elec. L't & Power Co., .
12 " Mimic. Gas Co., Albany, N. Y.,
5 " Central Trust Co., N. Y.,
45 " Consol. Gas Co., Bait., Md., .
Loaned Thereon.
$77,500 00
Market Value
$22,000 00 ^
7,000 00
28,080 00
18,500 00
2,700 00 I
10,000 00 i
2,790 00 J
1,070 00 |77,500 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, . . . , .
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,f
Deduct special deposits in other States, .
Balance, $6,833,213 30
31, 1901.
$568,000 00
70,600 00
1,146 64
4,987,809 00
77,500 00
2,558 70
610,595 84
5,266 66
786,283 20
2,653 26
$7,112,413 30
279,200 00
Liabilities.
Losses claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$319,994 37
26,190 00»
3,877,500 33
2,485 17
129,116 84
85,417 18
$4,440,703 89
158,341 56
4,282,362 33
. $2,550,850 97
. 1,000,000 00
. $1,550,850 97
* Value of lands mortgaged $43,500 00
Value of buildings thereon, 94.000 00
Amount of insurance held as collateral, .... 84,000 00
t The company holds also instalment premium notes to the amount of $120,812.78, which
do not enter into or form any part of the assets of the company, as no portion of them is
earned. Whatever value is attached to them would necessarily be counterbalanced by the
addition of an amount exactly equal to the reinsurance liability, the entire sum consisting
•of " unearned premiums."
346
lMIUNIX INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1900, . £729,733 56
Premiums on risks written or renewed, . . 5,800,440 48
Total, $6,530,174 04
Premiums now in course of collection, . . 907,095 98
Entire premiums collected, .... f5,623,078 06
Less reinsurance and return premiums, . . 974,711 67
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income,
84,648,366 39
3,664 59
137,835 01
17,434 63
7,300 62
Expenditures.
Cash paid for tire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$2,628,134 66
241,085 87
£2,387,048 79
100,000 CO
931,801 41
347,106 79
",637 41
,471 08
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Premiums.
£581,303,365 00 £6,4'J5.440 47
.518,023,927 00 5,800,440 48
£1,099,327,2
.388,385,320 00 4,424,47'
?710,941,972
. 39,521,614 00 414.76.:. 31
£671,420,358 00 $7,456,63<
Miscellaneous.
Premiums received from organization of compan}',
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$129,538
64,08::
2,494,618 00
4,174,000 00'
100.000 00 j
157.65
PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INS. CO. 347
" PHILADELPHIA MANUFACTURERS' MUTUAL FIRE INSURANCE
COMPANY," PHILADELPHIA, PA.
[Incorporated Aug. 23, 1880. Commenced business Nov. 1, 1880.]
EDWIN I. ATLEE, President. RICHARD H. MORRIS, Secretary.
Detailed Statement of Stocks
Consolidated Traction Co. of N. J. bonds,
Cambria & Clearfield bonds, .
W. J. & S. S. R.R. bonds
Sunb'y, Jrlazleton & Wilkes-Barre R.R. bonds
Pennsylvania R.R. bonds,
Millville Manufacturing Co. bonds,
Lehigh Coal & Navigation Co. bonds,
Allegheny Valley R.R. bonds, .
Philadelphia & Baltimore Central R.R. bonds
Northern Pacific R'y Co. bonds,
Cleveland & Marietta R.R. bonds, .
St. Louis Merchants' Bridge Co. bonds, .
Lehigh Valley Coal Co. bonds,
282 shares W. J. & Seashore R.R., .
90
25
3
100
150
40
Philadelphia National Bank,
Land Title & Trust Co., .
Pennsylvania R.R., .
The Chartiers R'y Co., .
Erie & Pittsburg R.R., .
Northern Pacific R'y,
and Bonds.
Par Value.
$5,000 00
10,000 00
10,000 00
5,000 00
1,000 00
5,000 00
14,000 00
15,000 00
10,000 00
4,000 00
5,000 00
10,000 00
20,000 00
14,100 00
9,000 00
2,500 00
150 00
5,000 00
7,500 00
4,000 00
Market Value.
$5,475 00
10,600 00
11,200 00
5,300 00
1,260 00
5,100 00
15,740 00
18,750 00
10,100 00
2,940 00
5,500 00
11,500 00
21,900 00
18,894 00
24,525 00
6,925 00
225 00
9,500 00
12,000 00
4,000 00
$156,250 00 $201,434 00
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, . . . $201,434 00
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
31 02
10,759 67
9,251 11
$221,475 80
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Gross liabilities, ....
$20,000 00
107,721 11
127,721 11
Net cash assets,
$93,754 69
348
PHCENIX INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all
Income from all other sources,
Gross cash income,
|7,756 50
239,338 91
?247,095 41
9,251 11
?237,844 30
3,651 04
sources,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for return premiums,
for salaries of officers and employees,
for State and local taxes,
for loss on sale of securities, .
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1900, $23,634,836 00 $205,845 23
Risks written during 1901, . 27,404,818 00 239,338 91
Total, $51,039,654 00
Risks terminated during 1901, 26,503,134 00
6445,184 14
229,741 91
$234,193 26
8,920 71
191 18
$243,305 15
$58,048 73
149,651 90
17,658 86
12,557 28
916 38
64 92
13,055 27
$251,953 34
Contlng't Prem's.
$1,029,226 15
1,196,694 55
$2,225,920 70
1,148,7"9 55
In force at end of year,
.$24,536,520 00 $215,442 23 $1,077,211 15
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 64 per cent.
$77,023 00
"PHCENIX INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, ISM. Commenced business June, 1S54.]
Paid-up Capital, $2,000,000.
D. W. C. SKILTON, President. EDW. MILLIGAN, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Valne. Market Value.
Georgia State bonds $10,000 00 $11,650 00
New York Dock Co. bonds 42,000 00 39,480 00
PHOENIX INSURANCE CO.
349
Ashland, Ore., water bonds,
Brantford, Can., bonds,
Guelph, Can , bonds,
Victoria, B. Col., bonds, .
Town of St. Henry, P. Q , bonds,
Province of New Brunswick bonds,
Chicago & No. Shore St. R'y Co. bonds,
Fostoria, O , water bonds,
Leavenw'th City & Ft. Leavenw'th water b'ds
Hannibal, Mo., school bonds, .
Northwestern Telegraph Co. bonds,
Naumkeag St. R'y Co. bonds, .
Urban a, O., gas bonds,
Atlantic & Danville R R. bonds,
Canadian Pacific Land Grant R.R. bonds,
Chicago & Northwestern Railway bonds,
Chicago & Western Indiana R.R. bonds, .
Chic , Burl. & Quincy No. Pac. & Gt. N. bonds
Cincinnati, Dayton & Ironton bonds,
Central R.R. of New Jersey bonds, .
Erie Railway, Penn., bonds,
Easton & Amboy bonds, .
Lehigh Valley Terminal bonds,
Minneapolis Union R'y Co. bonds, .
N. Y., Lackawanna & Western R.R. bonds,
N. Y., N. H. & Hartford R.R. debentures,
St. Paul & Northern Pacific bonds, .
Southern R'y Co. bonds, ....
Terre Haute & Peoria bonds, .
Texas & New Orleans bonds, .
300 shares Mtwa National Bank, Hart.,
1,000 " American National Bank, Hart.,
100 " Atlantic Trust Co., N. Y., .
75 " Central Trust Co., N. Y., .
162 " Charter Oak Nat'l Bank, Hart.,
160 " City Bank, Hartford, .
100 " Conn. River Bank, Hart.,
300 " Farm. & Mech. Nat'l Bank, Hart.
400 " Franklin Trust Co., N. Y , .
1,030 " Hartford National Bank, Hart.,
400 " Hartford Trust Co., Hart., .
67 " Home National Bank, Meriden,
170 " Imperial Bank, Toronto, Ont ,
108 " Merchants' Ex. Nat'l Bank, N. Y.,
800 " Mer. N'l B'k (in liquidat'n), Hart.,
200 " Nat'l Shoe & Leather B'k, N. Y.,
340 " National Exchange Bank, Hart., .
125 " Nat'l German Am. Bank, St. Paul,
Par Value.
$50,000 00
25,000 00
24,000 00
20,000 00
75,000 00
5,000 00
25,000 00
25,000 00
25,000 00
8,000 00
25,000 00
25,000 00
25,000 00
50,000 00
36,000 00
43,000 00
133,000 00
75,000 00
25,000 00
20,000 00
,75,000 00
30,000 00
10,000 00
71,000 00
50,000 00
75,000 00
25,000 00
25,000 00
25,000 00
54,000 00
30,000 00
50,000 00
10,000 00
7,500 00
16,200 00
16,000 00
3,000 00
30,000 00
40,000 00
103,000 00
40,000 00
6,700 00
17,000 00
5,400 00
7,200 00
20,000 00
17,000 00
12,500 00
Market Value.
§56,000 00
26,750 00
27,900 00
23,750 00
81,000 00
5,400 00
28,000 00
25,000 00
29,000 00
8,560 00
26,875 00
26,500 00
25,750 00
48,000 00
39,600 00
50,740 00
157,935 00
73,875 00
28,750 00
26,800 00
93,750 00
34,500 00
11,850 00
91,590 00
67,500 00
153,750 00
32,750 00
24,875 00
18,750 00
60,480 00
55,500 00
71,000 00
28,500 00
142,500 00
16,200 00
16,000 00
5,000 00
36,000 00
132,000 00
139,050 00
72,000 00
8,241 00
38,930 00
.8,559 00
1,600 00
25,400 00
21,080 00
13,500 00
350
PIKEMX INSURANCE CO.
200 shares New Britain NatU B'k, New Brit
770 " Phoenix National Bank, Hart.,
200 " State Bank, Hartford, .
50 " Security Co., Hartford,
440 " Waterbury Nat'l B'k, Waterbury
500 " Bald Eagle Valley R.R. Co.,
300 " Beech Creek R.R.,
300 " C, C, Chic. & St. Louis R.R. Co.
330 " Chic, Mil. & St. Paul R.R.,
500 " Cleveland & Pittsburgh R.R. Co.
500 " Ft. Wayne & Jackson R.R. Co.,
200 " Georgia R.R. & Banking Co.,
120 " Hartford & Conn. West. R.R. Co
1,320 u Illinois Central R.R. Co , .
1,000 " Morris & Essex R.R. Co., .
1,500 " N. Y., N. H. & Hartford R.R. Co.
250 " N. Y. & Harlem R.R. Co., .
600 " N. Y. Cent. & Hud. River R.R. Co
500 " Peoria & Bureau Valley R.R. Co.
500 " Pitts , McKeesport & Y. R.R. Co.
250 " Rensselaer & Saratoga R.R. Co.
500 " Sharon R.R. of Pennsylvania,
150 " Empire & Bay State Tel. Co.,
1,300 " Holyoke Water Power Co., .
1,500 " North Western Telegraph Co.,
100 " West End Street R'y Co., Boston
150 " Boston Elevated R'y Co., .
50 " Hartford Street R'y Co.,
420 " New York Dock Co., .
Securities held as collateral for cash loans : -
240 shares Landers, Frary & Clark,
70 " Southern New England Tel. Co., .
31 " -32tna Life Insurance Co.,
120 " Hart. S. Boiler Inspec. & Insur. Co.,
Par Value.
,000 00
77,000 00
20,000 00
5,000 00
22,000 00
25,000 00
15,000 00
30,000 00
33,000 00
25,000 00
50,000 00
20,000 00
12,000 00
132,000 00
50,000 00
150,000 00
12,500 00
60,000 00
50,000 00
25,000 00
25,000 00
25,000 00
15,000 00
130,000 00
75,000 00
5,000 00
15,000 00
5,000 00
42,000 00
Market Valne.
2,000 00
94,710 00
25,000 00
6,750 00
36,300 00
51,250 00
15,9<X) 00
36,300 00
61,920 00
48,750 00
76,000 00
47,200 00
4,800 00
184,140 00
98,000 00
318,000 00
51,500 00
100,050 00
107,500 00
35,750 00
53,750 00
35,000 00
12,750 00
490,100 00
93,750 00
9,400 00
25,050 00
9,500 00
18,900 00
£2,833,000 00 £4,468,190 00
Market Value. Loaned Thereon.
510,080 00
9,800 00
10,385 00
18,000 00
$ 9,000 00
20,000 00
$48,265 00 f29,000 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . $460,195 82
Loans on mortgage of real estate (first liens *), 89,074 93
Interest due or accrued thereon, . . . 2,424 10
Stocks, bonds, etc., as per schedule, . . 4,468,190 00
* Value of lands mortgaged, $141,240 0*)
Value of buildings thereon, 50 00
Amount of insurance held as collateral, .... 51,40000
PHOENIX INSURANCE CO.
351
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
$29,000 00
5,023 98
326,887 51
37,316 00
592,947 74
4,499 96
301 16
1,015,861 20
272,050 00
Balance, $5,743,811 20
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
$75,283 60
369,765 05
29,231 00
$474,279 65
19,491 08
$454,788 57
2,382,405 32
62,416 75
6,600 14
$2,906,210 78
126,267 37
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
2,779,943 41
$2,963,867 79
2,000,000 00
$963,867 79
Gross cash income,
$592,947 74
3,792,012 31
$4,384,960 05
592,947 74
$3,792,012 31
554,026 68
sources,
$3,237,985 63
4,848 71
250,068 83
10,175 99
$3,503,079 16
352
POTOMAC INSURANCE CO. OF GEORGETOWN.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . —
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$1,824,572 99
117,828 30
$1,706,744 69
I 00
637,337 49
186,339 47
82,266 09
296,269 93
$3,188,957 67
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminate
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
I,
Premium*.
$411,549,798 00 $4,270
388,090,888 00 3,792,012 31
$799,640,686 00 $8,062,241 15
328,294,803 00 3,229,101 83
$471,345,883 00 $4,833,139 32
. 20,321,340 00 230,382 55
1451,024,543 0U $4,602,756 77
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (14 per cent.),
Company's stock owned by directors, ....
§79,427,399 00
48,343,034 00
1,921,766 00
8,365,0'
280,000 00
65,100 00
"POTOMAC INSURANCE COMPANY OF GEORGETOWN.
WASHINGTON, D. C.
[Incorporated March 2, 1831. Commenced business March 2, 1S3L]
Paid-up Capital, $200,000.
JOHN TAYLOR ARMS, President. JEFFERSON PEARCE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Valne. Market V
110 shares Farm. & Mech. Xat'l Bank, . . $11,000 00
53 " Georgetown Gas Light Co., . . 1,325 00 3,97
140 " Capital Traction R'y Co., . . 14,000 00 14,857 5U
50 " Union Trust & Storage Co., . . 5,000 00 5,300 00
Washington Gas Light Co. bonds, . . . 1,500 00 1,650 00
Metropolitan R'y Co., D. C, bonds, . . . 13,040 41 13,092 43
Chesapeake & Potomac Telephone Co. bonds, 30,000 00 31,950 00
Washington Market Co. bonds, . . . 3,000 00 3,300 00
POTOMAC INSURANCE CO. OF GEORGETOWN.
353
Southern R'y Co. bonds, .
U. S. Electric Lighting Co. bonds,
Seaboard Air Line R'y bonds, .
Columbia Railway bonds,
Par Value.
$5,000 00
9,500 00
10,000 00
1,500 00
Market Value.
$6,225 00
9,880 00
8,512 50
1,586 25
$104,865 41 $131,728 68
Summary of Assets Dec. 81, 1901.
Cash value of .unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
$20,842 34
319,961 52
4,002 46
131,728 68
3,475 78
31,321 18
38,770 26
23 30
$550,125 52
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
85,498 75
24,338 30
$29,837 05
2,122 86
$27,714 19
143,002 37
9,471 92
7,730 89
1,011 36
188,930 73
$361,194 79
200,000 00
$161,194 79
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total, . . . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$31,559 40
266,560 25
$298,119 65
38,770 26
$259,349 39
63,315 11
$196,034 28
* Value of property mortgaged,
Amount of insurance held as collateral,
$521,100 00
261,450 00
354
PROVIDENCE MUTUAL FIKE INSURANCE CO.
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
|19,186 58
5,103 71
1,339 50
Gross cash income, $221,664 07
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
?97,565 37
12,038 31
Gross cash expenditures, $202,759 98
$85,527 06
24,000 00
59,837 85
10,194 50
7,899 86
16,800 71
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
. $24,286,407 00
. 29,338,045 00
.£53,624,452 00
. 22,135,672 00
. $31,488,780 00
. 2,422,564 00
Premiums.
$198,324 93
266,560 25
$464,885 18
183,743 11
$281,142 07
22,574 79
£29,066,216 00 $258,567 28
Miscellaneous.
Fire losses incurred during the year,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors,
£100,282 00
24,000 00
45,850 00
"PROVIDENCE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1800. Commenced business 1S00.]
HARDIN C. WATERS, President. BENJAMIN M. MacDOUGALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Valne. Market Value.
City of Providence bonds, .... |35j000 00 *25,000 00
N. Y., New Haven & Hartford R.R. Co. bonds, 6,200 00 11,780 00
The Metropolitan Water Co. bonds, . . 7,000 00 4,900 00
100 shares N. Y. Cent. & Hudson R. R.R. Co., 10,000 00 16,500 00
156 " N. Y., N. H. & Hartford R.R. Co., . 15,600 00 32,760 00
132 " Illinois Central R.R. Co., . . 13,200 00 17,820 00
PROVIDENCE MUTUAL FIRE INSURANCE CO.
355
100 shares
100
ic
200
it
100
ii
100
ii
100
it
100
ii
200
u
200 g
11
200
it
100
It
40
II
200
II
300
(1
100
(t
51
II
50
II
100
(1
150
II
20
(1
50
II
Chic, Mil. & St. Paul R.R. Co.,
Fitchburg R.R. Co.,
Southern]R.R. Co., .
Fort Wayne & Jackson R.R., .
Det., Hillsdale & So. Western R.R,
Chicago Great Western R.R., .
Rome, Watert'n & Ogdens. R.R.,
Pitts , Bessemer & Lake Erie R.R
Morris & Essex R.R.,
Cleveland & Pittsburg R.R., .
Mahoning Coal R.R.,
Boston & Providence R.R.,
Delaware, Lack. & West. R.R. Co
Pennsylvania R.R. Co., .
Oswego & Syracuse R.R. Co., .
Providence & Worcester R.R. Co.,
Connecticut River R.R. Co., .
Old Colony R.R. Co., .
Blackstone Canal National Bank,
National Bank of Commerce, .
Rhode Island Investment Co.,
Par Value.
$10,000 00
10,000 00
20,000 00
10,000 .00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
4,000 00
10,000 00
15,000 00
5,000 00
5,100 00
5,000 00
10,000 00
3,750 00
1,000 00
5,000 00
Market Value.
$18,500 00
14,300 00
18,000 00
15,000 00
10,900 00
9,200 00
14,000 00
7,000 00
19,500 00
19,500 00
12,100 00
12,000 00
24,500 00
22,200 00
11,250 00
14,700 00
14,000 00
20,500 00
3,750 00
1,000 00
5,500 00
$260,850 00 $396,160 00
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens *), $66,650 00
Interest due or accrued thereon, . . , 128 00
Stocks and bonds, as per schedule, . . . 396,160 00
Cash in the office of the company, . . . 208 35
Cash deposited in bank, 40,243 36
Interest due and accrued, 2,670 28
Premiums in course of collection (gross), . 6,036 33
Prem's more than three mos. due, $41 00
Gross assets,
Liabilities.
Losses claimed and reported, .... $190 25
Unearned premiums on outstanding risks, . 147,652 43
Profits or surplus on terminated policies, unpaid, 2,473 74
State and local taxes, 1,354 63
Commissions and brokerage, .... 772 73
Reinsurance disallowed, 156 75
Gross liabilities,
$512,096 32
152,600 53
Net cash assets, $359,495
* Value of lands mortgaged $46,450 00
Value of buildings thereon 86,000 00
Amount of insurance held as collateral, . . . 69,400 00
79
356
PROVIDENCE MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$ 3,460 47
78,729 75
$82,190 22
6,077 33
$76,112 89
4,083 73
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
Cash paid for losses, ....
Deduct salvage,
Net cash paid for losses, ....
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for rents,
for incidentals, ....
$23,299 98
12 57
es,
Gross cash expenditures, .
172,029 16
325 02
3,924 50
13,981 27
$90,259 95
$23,287 41
21,309 91
7,539 56
10,605 00
2,149 71
1,436 00
2,273 54
$68,601 13
Risks and Premiums.
Amount. Cash Prem's. Contlng"t Prem's.
Risks outstanding Dec. 31, 1900, $25,824,089 00 f 276,107 80 $276,107 80
Risks written during 1901, . 7,525,141 00 78,729 75 78,729 75
Total, $33,349,230 00 $354,837 55 $354,837 55
Risks terminated during 1901, . 6,679,116 00 70,716 01 70,716 01
In force at end of year, . . $26,670,114 00 $284,121 54 $284,121 54
Deduct amount reinsured, . 71,400 00 1,030 10 1,030 10
Net amount in force, . .$26,598,714 00 $283,09144 6283,09144
Miscellaneous.
Losses incurred during the year, $23,478 00
Profits or surplus returned during 1901, 20, 30, 40, 50 and 65
per cent.
PROVIDENCE WASHINGTON INSURANCE CO.
357
" PROVIDENCE WASHINGTON INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1799. Commenced business 1799.]
Paid-up Capital, $500,000.
J. H. DeWOLF, President. E. L. WATSON, Secretary.
Detailed Statement of Stocks
United States government bonds, .
Commonwealth of Massachusetts bonds,
City of Pawtucket bonds, ....
City of Ft. Wayne refunding bonds,
City of Indianapolis bonds,
Boston & Providence R.R. Co. bonds,
Boston & Maine Railroad Co. bonds,
Boston & Lowell Railroad Co. bonds,
Lehigh Valley R.R. Co. bonds,
N. Y., New Haven & Hart. R.R. Co. bonds,
Old Colony R.R. Co. bonds, .
Buffalo Traction Co. bonds,
Cleveland Electric R'y Co. bonds, .
Columbus & 9th Ave. R.R. Co. bonds,
Columbus St. R'y Co. bonds, .
Lynn & Boston R.R. Co. bonds,
United Traction & Electric Co. bonds,
West End St. R'y Co. bonds, .
225 shares Fourth National Bank, N. Y.,
300
200
1,100
500
400
585
230
200
1,100
300
200
150
550
267
1,500
Nat'l Bank of Commerce, N. Y.,
National Park Bank, N. Y., .
Black. Canal Nat'l Bank, Prov.,
Merchants' Nat'l Bank, Prov.,
Chic. & Northwestern R'y Co.,
Northern Securities Co.,
N. Y. Central & Hud. R. R.R. Co.
Old Colony R.R. Co., .
Pennsylvania R.R. Co.,
Pitts., Ft. Wayne & Chic. R.R. Co.
C, C, C. & St. Louis R.R. Co.,
Rome, Watert'n & Og. R.R. Co.,
Providence Gas Co.,
Providence Telephone Co., .
What Cheer Corporation,
and Bonds.
Par Value.
$40,000 00
88,000 00
25,000 00
25,000 00
45,000 00
100,000 00
25,000 00
10,000 00
25,000 00
60,000 00
25,000 00
20,000 00
10,000 00
10,000 00
10,000 00
10,000 00
50,000 00
30,000 00
22,500 00
30,000 00
20,000 00
27,500 00
25,000 00
40,000 00
58,500 00
23,000 00
20,000 00
55,000 00
30,000 00
20,000 00
15,000 00
27,500 00
13,350 00
200,000 00
Market Value.
$43,550 00
97,530 00
28,000 00
25,810 00
48,580 00
111,000 00
31,625 00
10,800 00
27,625 00
123,000 00
28,300 00
21,800 00
10,550 00
12,250 00
11,250 00
11,400 00
57,250 00
31,425 00
54,450 00
109,500 00
126,000 00
30,800 00
35,000 00
94,000 00
59,670 00
38,410 00
42,000 00
81,950 00
57,600 00
24,000 00
20,850 00
52,800 00
26,160 00
200,000 00
$1,235,350 00 $1,784,935 00
358
PROVIDENCE WASHINGTON INSURANCE CO.
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
£1,784,935 00
1,748 02
118,477 42
8,353 62
284,910 14
33,838 61
Prems. more than three mos. due,
Gross assets,*
11,810 56
12,232,262 81
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$25,631 25
329,766 46
18,490 08
£373,887 79
81,394 06
£292,493 73
1,031,724 11
4,541 49
39,409 82
20,412 15
1,388,581 30
1843,681 51
500.000 00
Surplus over capital, 1343,681 51
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$179,950 99
767 00
£179,183 99
1,798,394 61
$1,977,578 60
205,404 07
f 1,772,174 53
526,434 94
£1,245,739 59
* Including S100.000 special reserve held under Rhode Island laws.
PROVIDENCE WASHINGTON INSURANCE CO.
359
Marine premiums outstanding Dec. 31, 1900, . $103,951 82
Premiums on risks written or renewed, . . 692,046 73
Total, $795,998 55
Premiums now in course of collection, . . 114,388 24
Entire premiums collected, .... $681,610 31
Less reinsurance and return premiums, . . 249,821 71
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
$431,788 60
90,037 19
Gross cash income, $1,767,565 38
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$1,178,238 48
205,540 51
$417,913 88
179,943 03
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total
>educt risks expired and terminated,
In force at end of year,
>educt amount reinsured,
Net amount in force, .
$188,375,062 00
. 186,435,408 00
$374,810,470 00
. 173,789,330 00
$201,021,140 00
. 41,631,002 00
$972,697 97
237,970 85
50,000 00
332,920 53
105,926 03
47,701 28
70,386 53
$1,817,603 19
Premiums.
$1,920,708 02
1,798,394 61
$3,719,102 63
1,575,905 81
$2,143,196 82
406,887 26
$159,390,138 00 $1,736,309 56
. $7,994,835 00
. 159,900,862 00
$167,895,697 00
. 159,023,874 00
. $8,871,823 00
. 1,289,378 00
$262,689 49
692,046 73
$954,736 22
640,451 40
$314,284 82
46,444 79
. $7,582,445 00 $267,840 03
360
QUEEN INSURANCE CO. OF AMERICA.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
$37,714,066 00
22,505,326 00
1,043,619 00
267,120 00
2,355,563 00
50,000 00
30.000 00
"QUEEN INSURANCE COMPANY OF AMERICA,"
NEW YORK, N. Y.
[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.]
Paid-up Capital, $500,000.
EDWARD F. BEDDALL, President. NEVETT S. BARTOW, Secretary.
Detailed Statement of Stocks, Bonds, etc.
United States government bonds, .
New York State canal improvement bonds.
New York city bonds, ....
City of Brooklyn bonds, ....
500 shares New York & Harlem R.R. Co.,
443 " United N. J. R.R. & Canal Co.,
517 " N. Y., Lack. & Western R.R. Co
950 " Rome, Wat'n & Ogden. R.R. Co
500 " Pitts., Ft. Wayne & Chic. R.R. Co
1,400 " Morris & Essex R.R. Co., .
550 " Rensselaer & Saratoga R.R. Co.,
1,000 " Illinois Central R.R. Co., .
300 " Ft. Wayne & Jack. R.R. Co.,
400 " Farmers' Loan & Trust Co.,
500 " Cleveland & Pitts. R.R. Co.,
New Zealand stock, .
Quebec stock, ....
Manitoba debentures,
Halifax, N. S., stock,
New York, Lack. & Western R.R. bonds,
Chic, Rock Island & Pacific R.R. bonds,
Fremont, Elkhorn & Mo. R.R. bonds,
Chic, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern R.R. bonds,
Pennsylvania R.R. Co. bonds, .
Morris & Essex R R. bonds,
Lake Shore & Mich. Southern R.R. bonds,
Par Value.
£ 185,000 00
50,000 00
1,012,000 00
525,000 00
25,000 00
44,300 00
51,700 00
95,000 00
50,000 00
70,000 00
55,000 00
100,000 00
30,000 00
10,000 00
25,000 00
49,000 00
30,625 00
29,400 00
60,000 00
200,000 00
5,000 00
10,000 00
91,000 00
45,000 00
50,000 00
110,000 00
47,000 00
Market Value.
$214,803 76
50,000 00
1,012,000 00
551,180 23
83,978 98
99,744 18
56,983 33
106,135 00
82,213 30
100,150 10
99,887 50
104,750 00
44,100 00
71,600 00
48,250 00
49,000 00
24,500 00
29,400 00
66,000 00
323,350 22
5,676 04
11,755 95
91,426 16
46,748 72
50,790 58
132,635 68
47,000 00
QUEEN INSURANCE CO. OF AMERICA.
361
Chic, St. Paul, Minn. & Omaha R.R. bonds,
Northern Pacific R.R. bonds, .
Union Pacific R.R. bonds,
Par Value.
$ 25,000 00
100,000 00
50,000 00
Market Value.
|28,555 99
92,197 18
52,193 63
13,230,025 00 83,677,506 53
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Miscellaneous,
Prems. more than three mos. due, $4,125 62
Gross assets,
Deduct special deposits in other States, .
|710,164 73
3,677,506 53
2,616 28
193,298 77
44,129 07
425,118 10
3,843 77
3,586 50
2,582 44
$5,062,846 19
408,703 50
Balance, $4,654,142 69
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance,
Reinsurance disallowed, .
Premiums paid in advance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
,103 18
100,441 82
54,629 00
$246,174 00
17,454 57
$228,719 43
1,855,738 73
9,341 13
25,403 93
108,091 19
25,963 21
716 28
1,806 31
$2,255,780 21
354,891 38
- 1,900,888 83
. $2,753,253 86
. 500,000 00
Surplus over capital, $2,253,253 86
362
QUEEN INSURANCE CO. OF AMERICA.
Income.
Fire premiums outstanding Dec. 31, 1900, . $356,505 09
Same not collected, 14 45
Net collected, $356,490 64
Premiums on risks written or renewed, . . 3,198,658 49
Total, $3,555,149 13
Premiums now in course of collection, . . 429,243 72
Entire premiums collected, .... $3,125,905 41
Less reinsurance and return premiums, . . 728,532 24
Net cash tire premiums received, . . . $2,397,373 17
Interest and dividends received from all sources, . . . 134,184 51
Income from rents, 28,637 29
Income from all other sources, 1.186 78
Gross cash income, $2,561,381 75
Expenditures.
Cash paid for fire losses, $1,634,966 65
Deduct salvage and reinsurance, . . . 212,638 41
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$1,422,328 24
100,000 00
418,404 46
189,207 03
59,802 71
137,749 19
$2,327,491 63
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$339,792,330 00 $3,511,577 14
.277,953,937 00 3,198.658 49
Total,
Deduct risks expired and terminated,
In force at end of year, ...
Deduct amount reinsured,
Net amount in force, .
$617,746,267 00 $6,710,235 63
. 262,892,067 00 2,820,808 46
$354,854,200 00 $3,889,427 17
. 29,466,038 00 319,903 18
$325,388,162 00 $3,569,523 99
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
$22,004,7^"
10,622,433 00
1,467,457 00
600,000 00
100,000 00
7,500 00
THE READING FIRE INSURANCE CO.
363
THE READING FIRE INSURANCE COMPANY," READING, PA.
[Incorporated July 8, 1867. Commenced business July 8, 1867.]
Paid-up Capital, $250,000.
W. A. TIPPING, President. THOS. H. SCOTLAND, Secretary.
Detailed Statement of Stocks,
United States bonds,
Atch., Topeka & Santa Fe R.R. Co. bonds,
Baltimore & Ohio R.R. bonds, .
Central Pacific R'y Co. bonds, .
Central R.R. Co. of N. J. bonds,
Chicago & Alton R'y Co. bonds,
Elgin, Joliet & Eastern R'y Co. bonds,
Elmira, Cortland & Northern R.R. Co. bonds,
Grand Rapids & Indiana R.R. Co. bonds,
Indiana, Illinois & Iowa R.R. Co. bonds, '
Lehigh Valley R.R. Co. bonds,
Long Island R.R. bonds, ....
Minneapolis & St. Louis R.R. Co. bonds,
N. Y. Central & Hudson River R.R. Co. b'ds,
Perkiomen R.R. bonds,
Philadelphia & Reading R.R. bonds,
Reading & Columbia R.R. bonds, .
St. Louis & San Francisco R.R. bonds,
Union Pacific R.R. Co. bonds, .
Western N. Y. & Penn. R'y Co. bonds,
Beaver Valley Traction Co. bonds, .
City of Portland, Ore., water loan, .
Philadelphia Elec. gold trust cert., .
Reading City Passenger R'y Co. bonds,
Second Ave. R.R. Co. of N. Y. bonds,
200 shares East Pennsylvania R.R. Co.,
70 ■
200 '
50 ■
150 '
100 '
250 '
124 '
Reading City Passenger R'y Co.,
Philadelphia Traction Co.,
Farmers' National Bank,
National Union Bank,
Second National Bank, .
Reading Gas Co., .
So. Reading Market House Co.,
Bonds, etc.
Par Value.
$40,000 00
25,000 00
25,000 00
25,000 00
10,000 00
20,000 00
10,000 00
10,000 00
20,000 00
20,000 00
10,000 00
10,000 00
10,000 00
25,000 00
2,000 00
40,000 00
10,000 00
10,000 00
25,000 00
10,000 00
4,000 00
10,000 00
10,000 00
5,500 00
20,000 00
10,000 00
3,500 00
10,000 00
1,500 00
3,750 00
10,000 00
6,250 00
3,100 00
Market Value.
$55,600 00
25,750 00
25,750 00
25,750 00
13,200 00
17,200 00
11,500 00
10,200 00
22,900 00
20,000 00
10,800 00
9,900 00
10,300 00
24,500 00
2,040 00
42,900 00
10,200 00
9,800 00
26,750 00
10,000 00
4,200 00
12,400 00
10,000 00
5,912 50
24,000 00
14,000 00
10,500 00
19,500 00
4,300 00
15,000 00
22,500 00
17,500 00
4,836 00
Securities held as collateral for cash loans : —
Reading Foundry Co. bonds, ....
Mortgage on real estate,
$454,600 00 1549,688 50
Market Value. Loaned Thereon.
825,000 00 ) A nnn M
10,000 00 ( ^5,000 00
$35,000 00 $25,000 00
364
THE READING FIRE INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc , as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, f 400 30
Gross assets,
Deduct special deposits in other States, .
31, 1901.
$18,750 00
298,515 00
3,281 60
549,688 50
25,000 00
100 00
48,558 49
472 25
92,065 30
191 02
2,621 16
$1,039,243 32
68,000 00
Balance, $971,243 32
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$4,618 15
43,999 19
12,950 00
$61,567 34
6,987 70
$54,579 64
447,302 44
4,609 70
13 88
22,869 54
990 95
126 67
$530,492 82
1,612 94
$528,879 88
Surplus as regards policy holders, $442,363 44
Paid-up capital, 250,000 00
Surplus over capital, $192,363 44
* Value of lands mortgaged, $250,550 00
Value of buildings thereon 453,150 00
Amount of insurance held as collateral, .... 333,815 00
THE READING FIRE INSURANCE CO.
365
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Income from all other sources,
other
$46,055 00
833,862 42
$879,917 42
92,465 60
$787,451 82
200,344 11
sources, .
$587,107 71
16,100 15
20,199 84
1,332 75
19 32
Gross cash income, $624,759 77
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for loss on sale of real estate, .
for incidentals,
Deposits returned on perpetual fire risks,
$340,579 99
32,949 08
$307,630 91
30,000 00
164,504 55
17,148 17
9,776 08
534 91
22,470 77
$28 50
Gross cash expenditures, .
. $552,065 39
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
,365,635 00 $677,546 43
. 77,593,025 00 833,862 42
Total,. .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$145,958,660 00 $1,511,408 85
. 61,220,969 00 621,033 17
. $84,737,691 00 $890,375 68
. 5,433,557 00 61,363 15
Net amount in force, $79,304,134 00 $829,012 53
Perpetual risks in force (not incl'd above), $164,550 00 $4,907 05
366
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (12 per cent.),
Company's stock owned by directors,
?6,307,682 00
3,400,227 00
328,145 00
545,069 00
30,000 00
248,410 00
"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA/'
PHILADELPHIA, PA.
[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.]
Paid-up Capital, $300,000.
WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
City of Pittsburgh, Pa., bonds $18,000 00 $19,800 00
City of Quincy, 111., bonds, .... 15,000 00 15,900 00
City of Wilmington, Del., bonds, . . . 20,000 00 22,300 00
City of Chester, Pa., bonds, .... 5,000 00 5,600 00
South Bethlehem, Pa., bonds, .... 4,000 00 4,440 00
Atlantic City, N. J., bonds 5,000 00 5,250 00
New Castle Co., Del., bonds, .... 5,000 00 5,350 00
United Company of New Jersey bonds, . . 5,000 00 5,500 00
Lehigh Valley R.R. Co. bonds, . . . 25,000 00 26,500 00
Easton & Amboy R.R. Co., bonds, . . . 20,000 00 23,000 00
North Pennsylvania R.R. Co. bonds, . . 5,000 00 5,850 00
Louisville & Nashville R.R. Co. bonds, . . 7,000 00 7,910 00
Northern Central R.R. % Co. bonds, . . . 5,000 00 5,400 00
Philadelphia & Erie R.R. Co. bonds, . . 25,000 00 30,250 00
Philadelphia & Baltimore Cent. R.R. Co. b'ds, 10,000 00 10,600 00
Pennsylvania R.R. Co. bonds, .... 4,000 00 4,920 00
Steubenville & Indiana R.R. Co. bonds, . . 10,000 00 11,400 00
Camden & Atlantic R.R. Co. bonds, . . 30,000 00 31,500 00
Pennsylvania & N. Y. Canal Co. bonds, . . 40,000 00 44,000 00
Allentown Terminal R.R. Co. bonds, . . 15,000 00 15,450 00
Philadelphia & Reading R.R. Co. bonds, . . 20,000 00 23,400 00
Delaware River Ferry Co. bonds, . . . 8,000 00 8,400 00
Philadelphia Traction Co. bonds, . . . 5,000 00 5,250 00
People's Passenger R'y Co. bonds, . . . 10,000 00 10,700 00
Pennsylvania & N. Y. Canal Co. bonds, . . 20,000 00 19,200 00
Second Ave. Traction Co., Pitts., Pa., bonds, . 15,000 00 17,850 00
Hunt. & Broad Top Mt. R.R. & C'l Co. bonds, 10,000 00 11,000 00
Omaha Water Co., Omaha, Neb , bonds, . . 10,000 00 9,500 00
Pitts., Chartiers & Yough. R.R. Co. bonds, . 7,000 00 7,140 00
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
367
United Traction Co. of Pittsburg bonds, .
Philadelphia & Erie R.R. Co. bonds,
West Jersey & Seashore R.R. Co. bonds,
Susquehanna Coal Co. bonds, .
100 shares Commercial Nat'l Bank, Phila.,
Western Pennsylvania R.R. Co. bonds, .
Allegheny Valley R'y Co. bonds,
Erie & Pittsburg R.R. Co. bonds, .
Lehigh Valley R.R. Co. bonds,
Pitts., Cin., Chic. & St. Louis R'y Co. bonds,
34 shares Omaha Water Co., .
Louisville & Nashville R.R. Co. bonds, .
Pennsylvania R.R. Co. Equip. Trust loan,
Electric & Peo. Trac. St'k Trust certificates,
Western N. Y. & Pennsylvania R.R. Co. b'ds,
West Chester (N. Y.) Lighting Co. bonds,
N. Y., Philadelphia & Norfolk R.R. Co. bonds
Reading Co. Jersey Central bonds, .
Erie R.R. Co. bonds, ....
Read. Co. & Phil. & Read. C'l & Pn Co. bonds,
32 shares company's own stock, . $1,920 00
Par Value.
$10,000 00
5,000 00
5,000 00
5,000 00
1,200 00
20,000 00
10,000 00
10,000 00
5,000 00
36,000 00
1,700 00
8,000 00
10,000 00
10,000 00
5,000 00
10,000 00
5,000 00
10,000 00
5,000 00
15,000 00
Market Value.
$11,600 00
5,400 00
5,700 00
5,900 00
300 00
23,500 00
10,900 00
10,200 00
5,900 00
36,000 00
850 00
8,000 00
10,500 00
9,800 00
6,100 00
10,300 00
5,200 00
9,500 00
5,050 00
15,000 00
$564,900 00 $609,060 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Perpetual insurance policies, .
Gross assets,
81, 1901.
$100,000 CO
206,660 00
2,605 22
609,060 00
653 77
35,442 63
69,870 52
191 79
747 00
$1,025,230 93
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
$12,069 83
39,156 45
$51,226 28
1,852 62
$49,373 66
333,037 06
136,027 98
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$184,800 00
254,200 00
159,316 00
368
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
88,131 37
3,249 67
$529,819 74
$495,411 19
300.000 00
$195,411 19
$67,791 22
509,201 73
Total, $576,992 95
Premiums now in course of collection, . . 69,870 52
Entire premiums collected, .... 6507,122 43
Less reinsurance and return premiums, . . 119,999 98
Net cash fire premiums received, . . . $387,122 45
Interest received on mortgages 9,643 67
Interest and dividends received from all other sources, . . 25,841 63
Income from rents, 2,201 27
Income from all other sources, 374 05
Deposits received for perpetual fire risks, . $5,819 50
Gross cash income, $425,183 07
Expenditures.
Cash paid for fire losses, $265,075 67
Deduct salvage and reinsurance, . . . 32,506 32
Net cash paid for fire losses, . $232,569 35
Cash dividends paid, 18,000 00
Cash paid for commissions and brokerage, .... 95,346 82
for salaries of officers and employees, . . . 25,882 71
for State and local taxes, 14,962 49
for incidentals, 32,843 68
Deposits returned on perpetual fire risks, . $4,899 50
Gross cash expenditures, $419,605 05
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incPd above),
Premiums.
. $59,250,428 00 $633,743 39
. 46,177,818 00 509,201 73
$105,428,246 00 $1,142,945 12
. 41,269,598 00 433,528 71
. $64,158,648- 00 $709,416 40
. 6,334,689 00 69,359 00
. $57,823,959 00 $640,057 40
. $5,371,394 00 $149,213 05
RHODE ISLAND MUTUAL FIRE INSURANCE CO.
369
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors,
$5,722,787 00
3,622,742 00
237,673 00
950,597 00
18,000 00
45,900 00
"RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1848. Commenced business 1848.]
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary.
Detailed Statement of Stocks
United States bonds, ....
N. Y., New Haven & Hartford R.R. bonds,
250 shares Providence & Worcester R.R.,
175£
200
1,200
250 '
220
150
100
138
100
200
100 '
100 '
125 '
100 '
200 '
140 '
200
100
Illinois Central R.R., .
Rome, Watertown & Og. R.R.,
Pennsylvania R.R.,
N. Y., New Haven & Hart. R.R.,
Chic, Burlington & Quincy R.R.
Chic, Rock Island & Pacific R.R.
N. Y., Lack. & Western R.R.,
Pitts., Ft. W. & Chic. R.R., .
Chicago, Mil. & St. Paul R.R.,
Chicago & Northwestern R.R.,
CI., Cin., Chic. & St. Louis R.R.,
N. Y. Cent. & Hudson River R R.
Great Northern Railway,
National Bank of Com., Prov.,
N'l B'k of North America, Prov.,
American National Bank, Prov.,
Merchants' National Bank, Prov.,
Union Pacific R.R.,
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
and Bonds.
Par Value.
|25,000 00
10,000 00
25,000 00
17,520 00
20,000 00
60,000 00
25,000 00
22,000 00
15,000 00
10,000 00
13,800 00
10,000 00
20,000 00
10,000 00
10,000 00
12,500 00
5,000 00
10,000 00
7,000 00
10,000 00
10,000 00
Market Value.
$34,875 00
20,200 00
74,500 00
24,352 80
27,850 00
90,000 00
53,000 00
43,120 00
23,100 00
13,800 00
26,634 00
18,850 00
41,200 00
11,900 00
16,725 00
23,031 25
5,100 00
10,000 00
6,720 00
14,200 00
9,000 00
8347,820 00 $588,158 05
31, 1901.
$588,158 05
58,263 34
4,756 27
6,506 98
$657,684 64
370
RHODE ISLAND MUTUAL FIRE INSURANCE CO.
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
Net cash assets,
$1,748 11
204,046 37
5,824 95
$211,619 43
$446,065 21
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources, .
$3,840 04
423,984 71
§427,824 75
6,506 98
$421,317 ;:
13,730 48
$407,587 29
21,221 51
Gross cash income, $428,808 80
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals, ....
Gross cash expenditures, ....
•514,447 35
330,969 62
9,783 72
9,07
805 00
6,168 48
1,6 v
$372,936 60
Risks and Premiums.
Amount. Cash PrenVs. Contlng't Prem's.
Risks outstanding Dec. 31, 1900, $47,449,515 00 $365,617 31 $1,828,086 55
Risks written during 1901, . 54,982,949 00 423,984 71 2,119,923 55
Total,. . . . $102,432,464 00 $789,602 02 $3,948,010 10
Risks terminated during 1901, . 49,980,607 00 381,509 28 1,907,546 40
In force at end of year, . .$52,451,857 00 $408,092 7 i ,463 70
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1901, 90 per cent.
$15,931 00
ROCHESTER GERMAN INSURANCE CO.
371
"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER,
NEW YORK," ROCHESTER, N. Y.
[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.]
Paid-up Capital, $200,000.
FREDERICK COOK, President. H. F. ATWOOD, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Rochester Gas & Electric Co. bonds, . . $30,000 00 $32,325 00
Rochester Railway bonds, .... 200,000 00 214,000 00
Georgia State bonds, 10,000 00 11,700 00
Erie R.R. bonds, 10,000 00 8,800 00
Santa Fe, Prescott & Phoenix R.R. bonds, . 25,000 00 25,000 00
Union Pacific R.R. bonds, 20,000 00 20,400 00
Southern Railway bonds, 20,000 00 21,300 00
Northern Pacific R.R. bonds, .... 10,000 00 10,300 00
Nash., Chattanooga & St. Louis R.R. bonds, . 10,000 00 10,450 00
Atch., Topeka & Santa Fe R.R. bonds, . . 10,000 00 9,900 00
Minneapolis & St. Louis R.R. bonds, . . 10,000 00 11,200 00
German-American Bank of Rochester stock, . 10,000 00 26,000 00
Title & Guarantee Co. of Rochester stock, . 10,000 00 10,000 00
Rochester Gas & Electric Co. stock, . . 25,000 00 30,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Gross assets, ....
Deduct special deposits in other States,
Balance, $1,278,283 35
ft 400,000 00 $441,375 00
31, 1901.
$212,638 19
386,479 77
6,566 30
441,375 00
1,357 73
118,509 63
5,575 64
117,481 09
$1,289,983 35
11,700 00
Liabilities.
Losses adjusted, unpaid, $4,368 94
claimed and reported, .... 35,232 47
disputed or resisted, .... 9,961 26
Unearned premiums on outstanding risks, . 482,463 75
* Value of lands mortgaged,
Value of buildings tbereou,
Amount of insurance held as collateral,
8424,640 00
527,550 00
383,750 00
372
ROCHESTER GERMAN INSURANCE CO.
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders,
Paid-up capital, ....
$36,361 83
1,381 79
$569,770 04
6,941 18
1562,828 86
$715,454 49
200,000 00
Surplus over capital, $515,454 49
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$87,403 80
885,794 39
Total $973,198 19
Premiums now in course of collection, . . 117,48109
Entire premiums collected, .... $855,717 10
Less reinsurance and return premiums, . . 256,169 28
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Income from all other sources,
Gross cash income,
$599,547 82
19,324 91
.018 32
9,404 33
1,010 22
$649,305 60
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for profit and loss account,
for incidentals, ....
$396,607 20
73,070 23
Gross cash expenditures, $595,552 96
$323,536 97
20,000 00
159,241 37
27,175 65
19,916 68
148 35
45,533 94
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
.$80,122,171 00 $814,704 40
. 77,486,139 00 885,794 39
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$157,608,310 00 f 1,700,498 79
. 61,583,114 00 655,503 39
. $96,025,196 00 $1,044,995 40
. 9,939,797 00 127,662 93
. $86,085,399 00 $917,332 47
SECURITY INSURANCE CO. OF NEW HAVEN.
373
Miscellaneous.
Premiums received from organization of company, . . $9,950,058 00
Losses paid from organization of company 5,528,908 00
Fire losses incurred during the year, 346,722 00
Cash dividends declared from organization of company, . 519,000 00
Dividends declared during the year (10 per cent.), . . 20,000 00
Company's stock owned by directors, 34,288 00
"SECURITY INSURANCE COMPANY OF NEW HAVEN,"
NEW HAVEN, CONN.
[Incorporated April, 1841. Commenced business April, 1841.]
Paid-up Capital, $300,000.
CHAS. S. LEETE, President. H. MASON, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Tradesmen's Nat'l Bank (New Haven) stock, $16,000 00 $24,800 00
Second Nat'l Bank (New Haven) stock, . . 11,700 00 23,166 00
Merchants' Nat'l Bank (New Haven) stock, . 20,000 00 24,000 00
Yale National Bank (New Haven) stock, . 20,000 00 26,400 00
New Haven Nat'l Bank (New Haven) stock, . 21,000 00 40,320 00
New Haven Co. Nat'l Bank (N. Haven) stock, 18,830 00 30,692 90
First National Bank (New Haven) stock, . 13,300 00 19,950 00
American Ex. National Bank (N. Y.) stock, . 10,000 00 29,000 00
Southern New England Telephone Co. stock, . 31,250 00 46,875 00
New York Steam Power Co. stock, . . . 2,500 00 1,543 33
Northern Railroad of New Jersey stock, . . 20,000 00 20,200 00
Consolidated Gas Co. stock (N. Y.), . . 10,000 00 21,950 00
Twin City Rapid Transit Co. stock, . . . 10,000 00 15,875 00
Norfolk & Western R.R. stock, . . . 10,000 00 9,100 00
Cleve., Cin., Chic. & St. Louis R'y Co. stock, . 10,000 00 12,000 00
Illinois Central R.R. stock, .... 13,200 00 18,348 00
Delaware & Hudson Canal Co. stock, . . 10,000 00 17,800 00
Fair Haven & Westville R.R. stock, . . 7,500 00 14,850 00
Newark (N. J.) Consolidated Gas Co. bonds, . 10,000 00 10,600 00
Macon (Ga.) Gas Light & Water Co. bonds, . 20,000 00 17,800 00
Minneapolis & St. Louis R.R. bonds, . . 22,000 00 23,260 00
Columbus & Hocking Coal & Iron Co. bonds, . 10,000 00 9,000 00
Southern R'y bonds, 10,000 00 12,200 00
Central R.R. of Georgia bonds, . . . 5,000 00 3,000 00
Southern New England Telephone Co. bonds, 6,000 00 7,320 00
Cleve., Cin., Chic. & St. Louis R.R. bonds, . 10,000 00 10,400 00
Louisville & Nashville R.R. bonds, . . . 10,000 00 10,050 00
N. Y. Gas, Elec. Light, H't & Power Co. bonds, 10,000 00 9,700 00
Cleve. Electric Illuminating Co. bonds, . . 10,000 00 10,700 00
N. Y. & Queens Elec. L't & Power Co. bonds, 10,000 00 10,400 00
374
SECURITY INSURANCE CO. OF NEW HAVEN.
Milford, Holliston & Fram. St. R.R. bonds,
Meriden (Conn.) Horse R.R. Co. bonds, .
Lynn (Mass.) Belt Line St. R'y Co. bonds,
Danb'y & Bethel (Conn.) Horse R'y Co. bonds
Bridgeport (Conn.) Traction Co. bonds, .
New Haven St. R'y Co. bonds,
Binghanipton & Union (N. Y.) St. R.R. bonds
United R R. of St. Louis bonds,
City of Indianapolis bonds,
City of Omaha bonds, ....
International Silver Co. bonds,
Securities held as collateral for cash loans : —
International Silver Co. bonds,
City Bank stock, New Haven, .
Mechanics 1 Bank stock, New Haven,
New Haven Water Co. stock, New Haven,
Chester, Conn., Water Co. bonds, .
Par Value.
$5,000 00
12,000 00
3,500 00
7,000 00
10,000 00
5,000 00
10,000 00
10,000 00
950 00
10,000 00
10,000 00
Market Value.
$5,562 50
13,680 00
3,675 00
7,420 00
11,500 00
5,600 00
10,500 00
9,000 00
969 00
10,900 00
9,800 00
$471,730 00 $619,906 73
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the oflice of the company, .
Cash deposited in bank, ....
Interest due and accrued
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Rents due and accrued, ....
Gross assets,
Market Value.
$4,900 00
1,450 00
424 80
1,150 00
5,000 00
}
Loaned Thereon.
$4,000 00
2,500 00
4,000 00
$12,924 80 $10,500 00
31, 1901.
$79,600 00
199,488 78
1,869 72
619,906 73
10,500 00
133 87
77,124 16
2,239 54
137,750 44
7,129 29
139 17
$1,135,881 70
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
830,285 52
58,702 61
2,195 00
691,183 13
9,247 69
$81,935 44
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
£-234,S05 00
218,800 00
15S.050 00
SECURITY INSURANCE CO. OF NEW HAVEN.
375
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$539,521 78
27,028 87
21,554 14
$670,040 23
. $465,841 47
300,000 00
Surplus over capital, $165,841 47
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Same not collected, ,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
'1,780 53
96 98
$91,683 55
867,088 26
$958,771 81
132,585 04
$826,186 77
243,502 05
$9,167 61
158 73
$9,008 88
73,186 30
$82,195 18
5,165 40
$77,029 78
12,621 14
sources,
Expenditures
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
$357,132 61
48,629 44
$48,893 81
6,914 01
$582,684 72
64,408 64
9,544 30
26,829 37
2,919 65
$686,386 68
$308,503 17
41,979 80
24,000 00
376
SPRING GARDEN INSURANCE CO.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for profit and loss account,
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$91,173,100 00
. 82,146,486 00
$173,319,586 00
. 63,584,031 00
1109,735,555 00
. 11,995,656 00
$153,756 82
106,159 09
12,015 71
696 62
$647,111 21
Premiums.
$946,337 69
867,088 26
$1,813,425 95
694,774 20
$1,118,651 75
134,443 12
. $97,739,899 00 $984,208 63
$576,293 00
9,238,058 00
$9,814,351 00
9,235,404 00
$578,947 00
94,945 00
$27,853 48
73,186 30
$101,039 78
73,980 87
$27,058 91
3,382 73
$484,002 00 $23,676 18
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$12,202,417 00
8,078,240 00
336,147 00
47,450 00
532,281 .00
24,000 00
69,000 00
"SPRING GARDEN INSURANCE COMPANY,*'
PHILADELPHIA, PA.
[Incorporated April 15, 1835. Commenced business Aug. 29, 1S35.]
Paid-up Capital, $400,000.
CHAS. ROBERTS, President. CLARENCE E. PORTER, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market V
Allegheny Valley R.R. bonds, . . . . 610,000 00 f 12,300 00
Asphalt Co. of America, Col., gold certificates, 20,000 00 6,400 00
SPRING GARDEN INSURANCE CO.
377
Bells Gap R.R. bonds, ....
Bethlehem Steel Co. bonds,
Chicago & Western Ind. R.R. bonds,
Choctaw, Oklahoma & Gulf R.R. Co. bonds,
Citizens St. R'y Co. of Indianap., Ind., bonds,
Clearfield & Jefferson R'y bonds,
Cleve., Colum., Cincin. & Ind. R.R. bonds,
Consolidated Traction Co. of N. J. bonds,
Edison Electric gold trust certificates,
Electric & Peoples Traction gold stock certs.
International Navigation Co. of N. J. bonds,
Jacksonville & St. Louis R'y bonds,
Jacksonville Southeastern R'y bonds,
Lehigh & New England R.R. bonds,
Lehigh Valley Coal Co. bonds,
Lehigh Valley R.R. " annuity " bonds,
Maryland Steel Co. bonds,
Mortgage Trust Co. of Penn. bonds,
N. Y., Phila. & Norfolk R.R. bonds,
Ohio & Little Kanawha R.R. bonds,
Penn. & Maryl'd Steel Cos. Cons, joint bonds
Pennsylvania & N. Y. Canal & R.R. bonds,
Pennsylvania Steel Co. bonds, .
Philadelphia Electric gold trust certificates,
Phila. & Reading R.R. bonds, .
Philadelphia Co., Pa., bonds, .
Reading Co. P. & R. Coal & Iron Co. bonds,
Rochester R'y Co., N. Y., bonds,
Schuylkill River East Side R.R. bonds, .
St. Louis Merchants Bridge Term. R'y bonds,
Sunbury, Hazleton & Wilkes-Barre R'y bonds,
Texas & Pacific R'y Co. bonds,
Wilmington & Northern R.R. bonds,
150 shares Central R.R. New Jersey,
500 " Consol. Traction Co. of Pittsburg,
100 " Fourth St Nat'l Bank of Phila.,
200 " Penn. National Bank of Phila.,
500 " Philadelphia Company, .
Par Value.
$15,000 00
30,000 00
15,000 00
20,000 00
25,000 00
10,000 00
10,000 00
20,000 00
25,000 00
30,000 00
51,000 00
5,000 00
7,000 00
25,000 00
25,000 00
20,000 00
10,000 00
25,000 00
45,000 00
1,000 00
50,000 00
25,000 00
20,000 00
35,000 00
15,000 00
25,000 00
10,000 00
60,000 00
10,000 00
10,000 00
10,000 00
17,000 00
25,000 00
15,000 00
25,000 00
10,000 00
10,000 00
25,000 00
Market Value.
$16,950 00
37,350 00
17,850 00
22,600 00
27,500 00
12,000 00
13,600 00
21,900 00
28,250 00
29,550 00
52,020 00
4,250 00
7,000 00
20,625 00
27,625 00
26,200 00
10,550 00
21,250 00
41,550 00
1,000 00
57,750 00
24,000 00
22,000 00
35,000 00
15,000 00
28,125 00
10,000 00
64,700 00
11,000 00
11,200 00
11,600 00
17,850 00
26,750 00
29,250 00
32,000 00
22,500 00
20,200 00
23,000 00
$841,000 00 $920,245 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . $296,600 00
Loans on mortgage of real estate (first liens *), 42,700 00
Interest due or accrued thereon, . . . 741 65
Stocks, bonds, etc., as per schedule, . . 920,245 00
* Value of property mortgaged, .
Amount of insurance held as collateral,
$71,700 00
4 1 .' ,£00 00
378
SPRING GARDEN INSURANCE CO.
Cash in the office of the company, . . . 62,716 77
Cash deposited in bank, 39,527 18
Premiums in course of collection (gross), . 116,050 70
Reinsurance due on losses paid, . . 132 48
Prem's more than three mos. due, $551 84
Gross assets,
$ 1,418,713 78
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Due and accrued for rent, salaries, etc ,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
$21,724 82
43,441 97
11,104 24
$76,271 03
23,558 21
$52,712 82
433,857 53
371,191 11
3,254 94
767 32
21,327 39
29,813 35
2,781 92
915,706 38
$503,007 40
400,000 00
Surplus over capital, $103,007 40
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total, . . . . . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
from profit on sale of assets;
from all other sources,
Deposits received for perpetual fire risks,
6108,142 19
800,045 50
$908,187 69
116,602 54
6791,585 15
272,515 20
sources,
$5,850 28
$519,069 95
2,551 69
41,217 00
16,473 77
17,005 37
952 33
Gross cash income, £597, 270 11
STATE MUTUAL FIRE INSURANCE CO.
379
Expenditures.
Cash paid for fire losses, $379,706 88
Deduct salvage and reinsurance, . . . 108,578 03
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for loss on sale of assets,
for incidentals, ....
Deposits returned on perpetual fire risks, . $10,016 20
Gross cash expenditures,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$136,406,319 00
. 73,287,075 00
$209,693,424 00
. 86,961,381 00
$122,732,043 00
. 42,801,499 00
$271,128 85
28,000 00
110,819 17
33,808 92
20,084 64
16,525 80
8,016 87
62,466 46
$550,850 71
Premiums.
$1,222,834 27
800,045 50
$2,022,879 77
856,051 45
$1,166,828 32
370,607 40
. $79,930,544 00 $796,220 92
Perpetual risks in force (not incPd above), . $17,525,716 00 $406,879 01
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (7 per cent.), .
Company's stock owned b} r directors,
$5,453,758 00
291,407 00
1,989,215 00
28,000 00
90,450 00
"STATE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated Feb. 26, 1855. Commenced business Feb. 26, 1855.]
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary.
Detailed Statement of Stocks and Bonds.
State of Rhode Island bonds, .
City of Providence bonds,
City of Boston bonds, ....
448 shares Providence & Worcester R.R.,
500 " Old Colony Railroad, .
200 " Boston & Providence R.R., .
Par Value.
$60,000 00
50,000 00
44,000 00
44,800 00
50,000 00
20,000 00
Market Value.
$60,600 00
57,250 00
47,000 00
134,400 00
104,500 00
60,000 00
380
STATE MUTUAL FIRE INSURANCE CO.
400 shares Pitts., Ft. Wayne & C. R.R., .
400 " Rome, Watertown & Ogdens. R.R.
300 " N. Y., Lackawanna & Western R.R.
700 " Cleveland & Pittsburg Railroad,
500 " Morris & Essex Railroad,
125 " N. Y., New Haven & Hart. R.R.,
110 " Merchants 1 National Bank, .
800 " Illinois Central R.R.,
300 " Chicago Great Western R.R., .
Par Value.
|40,000 00
40,000 00
35,000 00
35,000 00
25,000 00
12,500 00
5,500 00
30,000 00
30,000 00
Market Value.
|77,600 00
55,400 00
48,300 00
67,900 00
48,750 00
26,375 00
7,700 00
31,650 00
27,300 00
f521,800 00 $854,725 00
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, . . . $854,725 00
Cash in the office of the company, . . . 372 42
Cash deposited in bank, 57,949 62
Interest due and accrued, 7,610 83
Premiums in course of collection (gross), . 9,890 34
Gross assets, $930,548 21
Liabilities.
Losses claimed and reported, .... $1,649 75
Unearned premiums on outstanding risks, . 349,042 41
State and local taxes, 9,269 98
Gross liabilities, 359,962 14
Net cash assets, $570,586 07
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources,
$5,346 31
723,388 89
$728,735 20
9,890 34
$718,844 86
22,678 34
$696,166 52
31,107 20
Gross cash income, $727,273 72
Expenditures.
Cash paid for losses,
Cash paid as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, . . . . •
$25,984 68
589,672 11
17,149 39
16,140 56
15,574 10
$664.". M
ST. PAUL FIRE AND MARINE INSURANCE CO.
381
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
RisksoutstandingDec.31,1900, $81,064,983 00 8639,755 57 $3,198,777 85
Risks written during 1901, . 91,814,466 00 724,920 26 3,624,601 30
Total, .... $172,879,449 00 $1,364,675 83 $6,823,379 15
Risks terminated during 1901, 85,380,780 00 666,591 00 3,332,955 00
In force at end of year, . . $87,498,669 00 $698,084 83 $3,490,424 15
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1901, 91.75 per cent.
$27,634 00
"ST. PAUL FIRE AND MARINE INSURANCE COMPANY,"
ST. PAUL, MINN.
[Incorporated May, 1865. Commenced business May, 1865.]
Paid-up Capital, $500,000.
C. H. BIGELOW, President. A. W. PERRY, Secretary.
Detailed Statement of Stocks,
320 shares First Nat'l Bank, St. Paul, Minn.,
50 '
742 '
335 '
125 '
40 '
50 '
45 «
60 '
50 '
25 '
20 '
100 '
135 '
500 ■
100 '
50 '
Second Nat'l Bank, St. Paul, Minn.
Mer. Nat'l Bank, St. Paul, Minn.,
St. Paul Nat'l B'k, St. Paul, Minn.
First Nat'l Bank, Minn., Minn.,
'• Northwest'n N'l B'k, Minn., Minn.
First Nat'l Bank, Stillwater, Minn
1 First N'l Bank, Alexandria, Minn,
American Ex. Bank, Duluth, Minn.
' First Nat'l Bank, Duluth, Minn ,
First Nat'l Bank, St. Peter, Minn.,
1 Northw'n N'l Bank, Superior, Wis.
' North Am. Tel. Co., Minn., Minn.,
1 West. Pub. Co., St. Paul, Minn.,
» St. Paul Found. Co., St. P'l, Minn,
Great Northern R'y Co., .
1 Nat'l Bank of Montana, Helena,
Northern Pacific R'y bonds,
Chic, St. Paul, Minn. & Omaha R'y Co. bonds
Union Pacific Railway bonds, .
Louisville & Nashville R.R. Co. bonds, .
Montana Central R.R. Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Bonds, etc.
Par Value.
$32,000 00
5,000 00
74,200 00
33,500 00
12,500 00
4,000 00
5,000 00
4,500 00
6,000 00
5,000 00
2,500 00
2,000 00
10,000 00
13,500 00
25,000 00
10,000 00
5,000 00
200,000 00
50,000 00
50,000 00
25,000 00
23,000 00
50,000 00
Market Value.
$78,400 00
10,000 00
89,040 00
33,835 00
18,750 00
6,600 00
8,000 00
6,750 00
8,100 00
8,750 00
3,250 00
1,500 00
8,000 00
16,385 00
27,500 00
18,400 00
6,000 00
178,000 00
68,500 00
52,500 00
25,500 00
31,510 00
44,625 00
382
ST. PAUL FIRE AND MARINE INSURANCE CO.
Iowa Central R.R. bonds,
Toledo, St. Louis & Western R.R. bonds,
Missouri, Kansas & Texas R.R. bonds,
Missouri, Kansas & Eastern R.R. bonds,
Wabash R.R. Co. bonds, .
North Chicago Street R'y bonds,
City of Portland, Ore., bonds, .
City of Jordan, Minn., bonds, .
State of Georgia bonds, .
City of St. Paul, Minn., certs, of indebtedness
City of Duluth, Minn., certs, of indebtedness,
County of Missoula, Mont., bonds, .
City of Faribault, Minn., bonds,
County of Kidder, N. D., bonds,
County of Morton, N. D., bonds,
Village of Glencoe, Minn., bonds, .
Town of Elmore, Minn., bonds,
Town of Joe Davies, Minn., bonds, .
Village of Winnebago City, Minn., bonds,
Village of Fulda, Minn., bonds,
Village of Detroit, Minn., Sch. Dist. No. 1 b'ds
City of Richmond, Va., bonds, .
Minneapolis Gas Light Co. bonds, .
S. Dis. No. 85, Cass & Barnes Co., N. D., b'ds
St. Paul Gas Light Co. bonds, .
Roberts County, S. Dak , bonds,
Grant Count}*, New Mex., bonds,
St. Paul Trust Co. bonds, ....
Bo'd of State Cap. Com. of Minn, certs, of in.,
Town of Fisher, Minn., bonds, .
City of Grand Forks, N. D., bonds, .
Village of Gaylord, Minn., bonds, .
Sch. Dist. No 81, Spokane Co., Wash., bonds,
Baker City, Ore., bonds, ....
City of Aberdeen, S. D., bonds,
Township of Staples, Minn., bonds,
City of Redwood Falls, Minn., bonds,
Town of Kiester, Faribault Co., Minn., bonds,
Town of Seeley, Faribault Co., Minn., bonds, .
Con. for sale of land, Richland Co., N. D.,b'ds,
Par Value.
$46,000 00
20,000 00
25,000 00
25,000 00
50,000 00
25,000 00
50,000 00
23,000 00
10,000 00
33,000 00
12,230 56
10,000 00
25,000 00
9,000 00
12,000 00
8,000 00
3,000 00
5,500 00
3,500 00
5,000 00
5,000 00
25,000 00
15,000 00
2,100 00
70,000 00
12,000 00
10,000 00
2,500 00
50,000 00
6,100 00
4,000 00
4,500 00
50,000 00
10,000 00
4,000 00
4,000 00
6,000 00
10,500 00
11,000 00
7,632 14
Market Value.
£46,000 00
18,200 00
21,500 00
29,245 00
49,000 00
26,500 00
57,960 00
25,000 00
10,400 00
33,000 00
12,230 56
12,500 00
25,500 00
10,350 00
12,960 00
9,760 00
3,000 00
5,830 00
3,500 00
5,150 00
5,750 00
26,500 00
16,170 00
2,100 00
74,040 00
13,200 00
11,000 00
2,500 00
51,000 00
6,416 00
4,600 00
4,860 00
56,500 00
11,200 00
4,400 00
4,200 00
6,720 00
10,500 00
11,000 00
7,632 14
§1,357,262 70 f 1,49"
Securities held as collateral for cash loans : —
83 shares First National Bank, St. Paul,
50 " First N'l Bank, Little Falls, Minn.,
78 " Con. Elevator Co., Duluth, Minn., .
25 u Franklin Investment Co., St. Paul, .
Market Value. Loaned Thereon.
619,920 00
6,500 00
7,020 00
5,C0O 00
00
4,000 00
5,000 00
21 69
ST. PAUL FIRE AND MARINE INSURANCE CO.
383
30 shares Nat'l Ger. Amer. Bank, St. Paul, .
315 " Far., Oz., Kirk & Co., St. P'l, Minn.,
40 " C. W. Hackett H. Co., St. P'l, Minn.,
25 " St. Paul Title & Trust Co., .
124 " St. Paul Pioneer Press, .
Little Falls, Minn., Elec. & Water Co. bonds, .
Little Falls, Minn., Water Power Co. bonds, .
Market Value.
$3,150 00
55,125 00
5,200 00
625 00
3,100 00
8,100 00
22,500 00
Loaned Thereon.
$1,500 00
12,000 00
2,500 00
330 94
2,000 00
5,350 00
18,000 00
$136,240 00 $59,202 63
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Prem's more than three mos. due, $37,608 96
Gross assets,
Deduct special deposits in other States, .
Balance,
$575,882 82
402,150 00
1,497,768 70
59,202 63
17,423 92
221,349 45
235,726 40
17,446 09
$3,026,950 01
104,860 00
$2,922,090 01
Liabilities.
Losses adjusted, unpaid, . .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$59,893 56
168,161 22
13,535 00
$241,589 78
24,164 10
$217,425 68
1,412,735 66
37,608 96
10,517 87
^1,678,288 17
38,543 36
- 1,639,744 81
. $1,282,345 20
500,000 00
. $782,345 20
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$307,475 00
628,850 00
413,275 00
384
ST. PAUL FIRE AND MARINE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Gross cash income,
$269,518 08
2,318,566 18
$2,588,084 26
273,335 36
$2,314,748 90
367,493 78
$16,932 34
643,823 50
$660,755 84
17,446 09
1643,309 75
237,893 64
$1,947,255 12
sources,
$405,416 11
15,486 23
76,360 34
25,789 18
$2,470,306 98
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$1,078,417 99
90,202 82
$312,811 93
96,117 74
Gross cash expenditures, 82,052,678 17
$988,215 17
216,694 19
50,000 00
493,630 97
92,247 42
57,981
153,909 15
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
8177.792,650 00 $2,285,814 15
. 144,845,250 CO 2,318,566 18
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$322,637,900 00 $4,604,380 33
. 125,818,966 00 1,979,070 16
$196,818,934 00 $2,625,310 17
. 10,411,485 00 136,486 10
$186,407,449 00 $2,488,824 07
TEUTONIA INSURANCE CO. OF NEW ORLEANS.
385
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $5,193,013 00
. 80,647,328 00
. $85,840,341 00
. 80,748,379 00
. $5,091,962 00
605,298 00
Premiums.
$201,638 60
643,823 50
$845,462 10
654,561 68
$190,900 42
15,660 09
$4,486,664 00 $175,240 33
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.), .
Company's stock owned by directors,
$30,529,738 00
18,854,196 00
1,021,760 00
164,023 00
1,546,694 00
50,000 00
85,400 00
"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS," NEW
ORLEANS, LA.
[Incorporated April 12, 1871. Commenced business June 1, 1871.]
Paid-up Capital, $250,000.
ALBERT P. NOLL, President. GEORGE MEYER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
New Orleans city bonds, $250,000 00
Louisiana State bonds, 160,000 00
United States bonds, . . . . . . 50,000 00
100 shares Canal Bank, New Orleans, . . 10,000 00
25 " Germania Nat'l Bank, New Orleans, 2,500 00
10 " Provident Savings Bank, N. O., . 1,000 00
40 " Illinois Central R.R. Co., . . 4,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
$477,500 00
31, 1901.
f40,000 00
525,310 00
100 57
70,317 32
92,009 04
$46,575 80
1,500 00
302,243 22
Market Value.
$271,250 00
172,800 00
55,500 00
15,500 00
3,500 00
1,160 00
5,600 00
$525,310 00
$727,736 93
386
TEUTONIA INSURANCE CO. OF NEW ORLEA
Dividends to stockholders unpaid, .
Bills payable,
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$13,325 00
8,472 25
5,000 00
3,275 15
$380,391
$347,345 51
250,000 00
Surplus over capital, $97,345 51
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources, .
$73,199 87
782,846 46
$856,046 33
88,077 04
$767,969 29
215,774 95
$2,800 45
27,678 06
$30,478 51
3,932 00
$26,546 51
3,544 21
$552,194 34
$23,002 30
20,186 27
Gross cash income, $595,382 91
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$405,929 84
46,720 15
$359,209 69
9,294 38
25,000 00
119,088 56
25,895 34
8,083 12
43,829 24
Gross cash expenditures,
$590,400 33
TRADERS' INSURANCE CO.
387
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1901, .
Deduct risks expired and terminated,
.f 39,610,433 00
. 48,790,094 00
. $88,400,527 00
. 42,958,430 00
. $45,442,097 00
. 4,743,262 00
Premiums.
$517,597 42
782,846 46
1,300,443 88
688,045 84
$612,398 04
57,868 58
.$40,698,835 00 $554,529 46
$5,518,216 00
5,518,216 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, ....
527,678 06
27,678 06
$8,713,169 00
4,019,573 00
338,892 00
9,294 00
663,892 00
12,500 00
90,500 00
"TRADERS 1 INSURANCE COMPANY," CHICAGO, ILL.
[Incorporated February, 1865. Commenced business May, 1872.]
Paid-up Capital, $500,000.
THIES J. LEFENS, President. S. A. ROTHERMEL, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bonds, $110,000 00 $122,400 00
Cass Avenue & Fair Grounds R'y bonds, . 10,000 00 10,000 00
Chicago & Eastern Illinois R.R. bonds, . . 10,000 00 12,200 00
Lake Erie & Western R.R. bonds, . . . 20,000 00 24,400 00
Wabash R.R. bonds, . . ... . . 25,000 00 29,750 00
Atchison, Topeka & Santa Fe R'y bonds, . 50,000 00 51,500 00
Union Pacific R.R. bonds, .... 100,000 00 105,875 00
Erie Railroad bonds 50,000 00 50,000 00
Metropolitan West Side Elev. R.R. bonds, . 20,000 00 20,000 00
United States of Mexico gold bonds, . . 48,500 00 46,560 00
Chicago, Milwaukee & St. Paul R'y stock, . 60,000 00 111,500 00
Chicago & North Western R'y stock, . . 75,000 00 161,250 00
Denver & Rio Grande R.R. stock, . . . 144,000 00 135,360 00
Chicago, St. Paul, Minn. & Omaha R'y stock, . 15,000 00 21,750 00
Chicago & Alton Railway stock, . . . 100,000 00 76,500 00
Chicago City Railway stock, .... 235,300 00 435,305 00
388 traders' insurance co.
Par Value. Market Value.
North Chicago Street R.R. stock, . . . f 72,000 00 f 129,600 00
South Side Elevated R.R. stock, . . . 60,000 00 65,400 00
First National Bank stock, .... 10,000 00 88*500 00
Corn Exchange National Bank stock, . . 27,500 00 108,025 00
Continental National Bank stock, . . . 48,700 00 92,530 00
American Exchange National Bank stock, . 25,000 00 2,500 00
National Bank of America stock, . . . 30,000 00 1,800 00
America National Bank stock, .... 27,500 00 1,375 00
Union National Bank stock, .... 20,000 00 1,000 00
Chicago Leasehold Trustees stock, . . . 25,000 00 6,250 00
Western Adjustment & Inspection Co. stock, . 300 00 375 00
Town of Cicero warrants, .... 1,061 85 97G 90
Pennsylvania R.R. Co. stock 30,000 00 45,000 00
Atchison, Topeka & Santa Fe R'y bonds, . 50,000 00 50,500 00
$1,499,861 85 $1,958,781 90
Securities held as collateral for cash loans : —
Market Value. Loaned Thereon.
Chicago Auditorium Associa. bonds, . . -,000 00 $ 13,400 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . 851,061 17
Loans on mortgage of real estate (first liens *), 128,200 00
Interest due or accrued thereon, . . . 3,770 40
Stocks, bonds, etc., as per schedule, . . . 1,958,781 90
Loans on collateral security, as per schedule, . 13,400 00
Cash in the office of the company, . . . 931 01
Cash deposited in bank, 170,564 35
Interest due and accrued, 8,217 04
Premiums in course of collection (gross), . 176,223 13
Rents due and accrued, 88 50
Prem's more than three mos. due, f 3,216 36
Gross assets, f 2,511,237 50
Deduct special deposits in other States, 68,150 00
Balance, f 2,443,087 50
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, .....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
$63,746 79
93,014 67
5,830 36
$162,591 82
23,754 64
£ 138,837 18
898,027 32
18,191 oo
* Value of lauds mortgaged $2S7,934 00
A'alue of buildings thereon 189.3S3 00
Amount of insurauce held as collateral 10S.SS3 00
TRADERS INSURANCE CO.
389
Reinsurance disallowed, .
Miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
$6,376 53
9,156 27
L,070,588 85
17,946 51
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
$1,052,642 34
$1,390,445 16
500,000 00
,445 16
Gross cash income, . ...
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$154,417 30
527 32
$153,889 98
1,697,157 83
fl,851,047 81
178,912 17
51,672,135 64
452,283 43
sources, .
$1,219,852 21
8,149 54
82,265 09
2,153 47
$1,312,420 31
$909,802 49
103,591 21
Gross cash expenditures, .
Risks and Premiums.
$806,211 28
50,000 00
283,755 71
78,768 13
41,000 77
66,989 40
$1,326,725 29
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$124,998,110 00
. 132,661,427 00
$257,659,537 00
. 115,289,390 00
$142,370,147 00
. 11,^46,064 00
Premiums.
$1,599,465 77
1,697,157 83
$3,296,623 60
1,438,900 95
$1,857,722 65
162,708 78
$130,824,083 00 $1,695,013 87
390
UNION INSURANCE CO. OF PHILADELPHIA.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$16,163,918 00
9,895,130 00
838,250 00
1,472,500 00
50,000 00
142,300 00
"UNION INSURANCE COMPANY OF PHILADELPHIA, 1 '
PHILADELPHIA, PA.
[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.]
Paid-up Capital, $200,000.
CHAS. S. HOLLINSHEAD, President. E. R. DANNELS, Secretary.
Detailed Statement of Stocks
Susquehanna Coal Co. bonds, .
Steubenville & Indiana R.R. Co. bonds,
Chesapeake & Delaware Canal Co. bonds,
Philadelphia & Reading R.R. Co. bonds,
Lehigh Valley R.R. Co. bonds,
North Pennsylvania R.R. Co. bonds,
Heston., Mantua & Fairmt. Pass. R.R. Co. b'ds,
People's Passenger R'y Co. bonds, .
Lehigh Coal & Navigation Co. bonds,
Cm., Dayton & Ironton R.R. Co. bonds,
Atlantic City R.R. Co. bonds, .
Union Traction Co. bonds,
Penn., & N. Y. Canal & R R. Co. bonds,
Bloomfield Street R'y Co. bonds,
Lynn & Boston R.R. Co. bonds,
Camden & Suburban R'y Co. bonds,
Perkiomen R.R. Co. bonds,
100 shares Little Schuylkill R.R. Co.,
136 '
68 '
100 '
109 '
120 ■
North Pennsylvania R.R. Co.,
Philadelphia National Bank,
Philadelphia Traction Co.,
Thir. & Fifteenth Sts. Pass. R'y Co.,
Philadelphia & Reading R.R. Co., .
and Bonds.
Par Value.
$10,000 00
15,000 00
15,000 00
45,000 00
10,000 00
2,000 00
3,000 00
11,000 00
10,000 00
5,000 00
11,000 00
10,000 00
10,000 00
10,000 00
5,000 00
10,000 00
13,000 00
5,000 00
6,800 00
6,800 00
5,000 00
5,450 00
6,000 00
Market Value.
* 12,000 00
17,100 00
7,950 00
52,600 00
13,100 00
2,160 00
3,600 00
12,320 00
10,250 00
5,700 00
12,430 00
9,800 00
10,950 00
11,200 00
5,650 00
10,700 00
13,650 00
5,900 00
14,722 00
18,564 00
9,800 00
33,899 00
3,542 50
$230,050 00 f 297,587 50
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . $160,000 00
Loans on mortgage of real estate (first liens *) , 3,900 00
* Value of property mortgaged, .
Amount of insurance held as collateral,
$6,000 00
3,000 00
UNION INSURANCE CO. OF PHILADELPHIA.
391
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
deposited in bank, ....
in hands of manager,
Premiums in course of collection (gross),
Perpetual insurance, ....
Prem's more than three mos. due, . $456 05
Gross assets,
$297,587 50
1,926 16
24,229 62
2,902 51
70,191 50
742 50
$561,479 79
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, .
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, . . . .
Surplus over capital,
$28,961 98
17,372 85
2,700 00
$49',034 83
4,008 16
$45,026 67
234,848 88
32,156 98
20,353 62
1,095 86
29 70
333,511 71
$227,968 08
200,000 00
$27,968 08
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Deposits received for perpetual fire risks,
Gross cash income
$56,407 13
456 05
$55,951 08
407,387 93
$463,339 01
70,191 50
$393,147 51
79,663 27
sources, .
. $877 50
$313,484 24
425 00
14,089 02
2,364 07
$330,362 33
392 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA.
Expenditures.
Cash paid for fire losses, $195,446 77
Deduct salvage and reinsurance, . . . 21,067 81
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate,
for incidentals,
Deposits returned on perpetual fire risks, . $2,837 37
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. £42,135,367 00
. 36,738,149 00
.$78,873,516 00
. 33,448,248 00
. $45,425,268 00
. 2,347,337 00
|174,378 96
12,000
65,918 85
40,505 19
9,365 44
5,457 94
22,007 69
$329,634 07
Premiums.
J, 907 67
407,387 93
6840,295 60
357,762 26
$482,533 34
25,107 79
. $43,077,931 00 $457,425 55
Perpetual risks in force (not included above), . $1,200,734 00
Miscellaneous:
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the j'ear, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$35,729 98
$25,810,405 00
18,070,003 00
,528 00
1,954,221 00
12,000 00
43,300 00
"UNITED FIREMEN'S INSURANCE COMPANY OF PHILA-
DELPHIA," PHILADELPHIA, PA.
[Incorporated April 2, 1S60. Commenced business April 1, 1S6L]
Paid-up Capital, $300,000.
ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Mark-: v
Allegheny Valley R.R. Co. bonds, . . . ,000 00 I 00
Atlantic City R.R. Co. bonds 20,000 00 22,600 00
Baltimore & Potomac R.R. Co. bonds, . .. 5,000 00 6,0C0 00
Chic, Rock Island & Pacific R'y Co. bonds, . 15,000 00 16,050 00
UNITED FIREMEN'S INSURANCE GO. OF PHILADELPHIA. 393
Chicago & Western Ind. R.R. Co. bonds, .
Choctaw, Oklahoma & Gulf R.R. Co. bonds,
Consolidated Traction Co. of N. J. bonds,
Car Trusts of New York, ....
City of Woonsocket, Dak., bonds, .
Delaware Co. R'y gold trust certificates, .
Evansville & Terre Haute R.R. bonds, .
Erie R.R. Co. Car Trust bonds,
Electric & People's Trac. Co. stock tr. certs.,
Illinois Central R.R. Co. bonds,
Lake Erie & Western R.R. Co. bonds,
Lehigh Valley R'y Co., N. Y., bonds,
Lehigh Valley R.R. Co. certificates,
Lehigh Coal & Navigation Co. bonds,
McKeesp. & Belle Vernon R.R. Co. bonds,
Mortgage Trust Co. of Penn. bonds,
Northern Central R'y bonds, .
Newark (X. J.) Passenger R'y Co. bonds,
Oley Valley R'y bonds, ....
Penn. Co. guaranteed trust certificates, .
Penn. & N. Y. Canal & R.R. Co. bonds, .
Pennsylvania R.R. Co. bonds, .
Phila. & Bait. Cent. R.R. Co. loan cert, .
Phil a. & Erie R.R. Co. gold mortgage, .
Pitts., Cin., Chic. & St. Louis R'y bonds, .
People's Pas. R'y Co. stock trust. certs., .
Philadelphia Traction Co. bonds,
Reading Co. Car Trust bonds, .
Real Estate Title Ins. & Trust Co. debent.,
Second Ave. Traction Co. (Pittsburg) bonds,
United Gas Co. debenture bonds,
United Railways gold trust certificates, .
Wilmington City (Del.) R'y Co. bonds, .
200 shares Continental Pas. R'y (Phila.),
30 " Frankford & Southwark Pas'r R'y
200 " Union Passenger R'y,
34 " Mil. Underwr's B'l'd Ass'n No. 1.,
Securities held as collateral for cash loans : —
50 shares 13th & 15th Sts. Pas. R'y Co., .
20
12
10
25
300
6
Bucks Co. (Pa.) Trust Co., .
New Hope Delaware Bridge Co.,
Title Guar. & Trust Co., N. Y.,
R. E. Title Ins. & Tr. Co., Phila.,
Metropolitan Street R'y Co., .
Frank. & South. P. R.R. Co., Phil.,
Par Value.
$10,000 00
25,000 00
25,000 00
7,000 00
6,000 00
12,000 00
10,000 00
15,000 00
25,200 00
10,000 00
10,000 00
20,000 00
20,000 00
20,000 00
10,000 00
10,000 00
10,000 00
20,000 00
9,000 00
15,000 00
20,000 00
20,000 00
10,000 00
20,000 00
34,000 00
15,000 00
10,000 00
15,000 00
20,000 00
15,000 00
25,000 00
20,000 00
25,000 00
10,000 00
1,500 00
10,000 00
100 00
Market Value.
§11,800 00
28,000 00
27,500 00
7,070 00
6,000 00
10,440 00
10,900 00
15,000 00
24,696 00
10,200 00
12,300 00
22,000 00
20,200 00
20,400 00
12,800 00
8,500 00
10,800 00
23,600 00
9,130 00
14,850 00
19,000 00
22,000 00
10,200 00
26,000 00
39,100 00
16,050 00
10,600 00
15,300 00
20,000 00
17,550 00
25,250 00
17,800 00
25,250 00
31,000 00
13,650 00
49,000 00
100 00
$619,800 00 $733,486 00
Market Value. Loaned Thereon
$15,650 00^
2,000 00
1,200 00
4,500 00 '
3,025 00
48,000 00
2,730 00
$12,000 00
1,000 00
35,000 00
2,000 00
$77,105 00 $50,000 00
394 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA.
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Perpetual deposits in course of collection,
Prem's more than three mos. due, $2,152 72
Gross assets,
1211,200 00
423,373 00
6,967 80
733,486 (JO
50,000 00
4,970 84
115,380 65
483 14
73,296 77
254 49
2,617 16
? 1,622,029 85
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
816,704 53
15,019 73
8,775 00
305,392 56
765,113 73
4,716 72
6,500 00
15,038 86
11,079 91
2,632 95
1,150,973 99
f471,055 86
300,000 00
$171,055 86
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$61,679 52
1,643 35
$60,036 17
469,221 37
$529,257 54
73,806 14
$455,451 40
84,194 41
$371,256 99
* Value of property mortgaged, .
Amount of insurance held as collateral,
$Sl-2,625 00
350,S63 00
UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 395
Interest received on mortgages, $27,247 09
Interest and dividends received from all other sources, . . 34,872 54
Income from rents, 8,981 70
Income from all other sources, 1,204 74
Deposits received for perpetual fire risks, . $59,408 34
Gross cash income, $443,563 06
Expenditures.
Cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for profit and loss account,
for incidentals, ....
Deposits returned on perpetual fire risks,
$206,694 44
30,000 00
95,471 67
28,842 16
6,216 09
7,021 48
1,643 35
33,145 41
$19,057 24
Gross cash expenditures, $409,034 60
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $52,885,765 00 $532,272 41
Fire risks written during 1901, . . . 42,629,931 00 469,221 37
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$95,515,696 00 $1,001,493 78
35,232,492 00 368,855 43
,283,204 00 $632,638 35
4,734,485 00 55,777 37
Net amount in force $55,548,719 00 $576,860 98
Perpetual risks in force (not incl'd above), . $37,128,430 00 $846,896 55
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$5,543,428 00
3,340,700 00
222,757 00
563,506 00
30,000 00
84,480 00
396
UNITED STATES FIRE INSURANCE CO.
"UNITED STATES FIRE INSURANCE COMPANY
NEW YORK, N. Y.
[Incorporated April 1, 1824. Commenced business April 9, 1824.]
Paid-up Capital, $250,000.
W. W. UNDERHILL, President. BAMUEL M. CRAFT, Secretary.
Detailed Statement of Stocks and Bo^
Par Value.
Rensselaer & Saratoga R.R. stock, . . f 25,000 00
Consol. stock, N. Y. city bonds, . . . 100,000 00
United States bonds 35.000 00
District of Columbia bonds, .... 50,000 00
Market Value.
$53,000 00
107,070 00
48,825 00
63,250 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Reinsurance due on losses paid,
Gross assets, f ....
Deduct special deposits in other States,
f210,000 00 $272,145 00
31, 1901.
$46,000 00
309,200 00
2,3u7 :
272,145 00
5,382 14
108 85
627 08
124,629 62
752 52
1768,152 91
77,20u 00
Balance, $690,952 91
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
^26,924 05
46,253 57
6,535 88
579,713 50
14,623 89
Net amount of unpaid losses, .... f 65,089 61
* Value of lands mortgaged -X) 00
Value of buildings thereon "00 00
Amount of insurance held as collateral, ....
t Including $125,000 special reserve held under New York law.
UNITED STATES FIRE INSURANCE CO.
397
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
$272,034 34
3,720 33
24,108 88
53,332 07
2,852 88
$421,138 11
31,775 88
Surplus over capital, .
$389,362 23
$301,590 68
250,000 00
$51,590 68
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, .
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
Expenditures
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
$93,377 96
1,680 34
$91,697
612,159
62
69
$703,857
121,705
31
82
$582,151 49
225,165 08
$3,513
40,311
69
15
$43,824
2,923
84
80
$40,901
5,632
04
16
sources, .
$236,158 06
36,065 18
$28,248 89
2,045 99
$356,986 41
$35,268 88
13,870 30
8,728 02
3,662 00
$418,515 61
$200,092 88
26,202 90
398
UNITED STATES LLOYI>-.
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $53,564,539
. 57,434,876
$17,500 00
102,104 50
28,815 01
10,696 11
41,667 92
|427,079 32
Premiums.
00 $540,418 90
00 612,159 69
$110,999,415
. 47,072,737
00 $1,152,578 59
00 487,397 42
. $63,926,678
. 15,902,997
00 $665,181 17
00 183,260 81
.$48,023,681 00 $481,920 36
$1,082,508
1,603,956
00
00
$2,686,464
1,608,977
00
00
$1,077,487
8,000
00
00
$32,055 56
40,311 15
$72,366 71
40,123 30
$32,243 41
215 00
$1,069,487 00 $32,028 41
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (7 per cent), .
Company's stock owned by directors, ....
$7,659,100 00
4,124,244 00
216,329 00
24,193 00
1,944,090 00
17,500 00
55,400 00
"UNITED STATES LLOYDS," NEW YORK, N. Y.
[Commenced business December, 1S72.]
HIGGINS, COX & APPLETON, Attorneys.
Detailed Statement of Stocks, Bonds, etc.
Massachusetts State bonds,
Havana, Cuba, city bonds,
Consolidated stock, city of N. Y.,
New York city stock,
Boston city bonds, .
Chic, Rock Island & Pacific R.R. bonds,
Par Value.
$50,000 00
25,000 00
25,000 00
100,000 00
50,000 00
50,000 00
Market Value.
$54,000 00
25,500 00
24,750 00
100,500 00
53,750 00
53,000 00
UNITED STATES LLOYDS.
399
Long Island R R. Co. bonds, .
Union Pacific R.R. Co. bonds, .
Atch., Topeka & Santa Fe R.R. bonds,
Northern Pacific R.R. Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
Scioto Valley & New England R.R. Co. bonds,
Atlantic Mutual Insurance Co. scrip,
Summary of Assets Dec
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Atlantic Mutual Insurance Co. scrip,
Prem's more than three mos. due, $6,153 97
Gross assets,
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Cash deposited in trust, ....
Due and accrued for rent, salaries, etc., .
State and local taxes, . .
Commissions and brokerage, .
Return premiums and reinsurance, .
Miscellaneous,
Gross liabilities,
Surplus,
Par Value.
$50,000 00
50,000 00
50,000 00
25,000 00
50,000 00
15,000 00
29,160 00
Market Value.
$52,500 00
53,500 00
51,500 00
26,250 00
51,500 00
15,300 00
29,160 00
$569,160 00 $591,210 00
31, 1901.
$591,210 00
2,000 00
152,573 .99
8,397 47
117,524 54
7,369 00
27,400 00
$906,475 00
$126,080 00
111,289 39
27,054 40
1,475 00
5,000 00
5,058 00
59,139 35
75 24
335,171 38
$571,303 62
Income.
Marine premiums outstanding Dec. 31, 1900,
1 Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
$192,803 43
3,133 41
$189,670 02
1,279,774 73
$1,469,444 75
120,545 10
$1,348,899 65
879,019 24
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources, .
Income from commissions, discounts, reinsurance, etc., .
Gross cash income,
$469,880 41
27,680 45
141,753 28
$639,314 14
400
VICTORIA FIRE INSURANCE CO. OF NEW YORK.
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
£412,970 93
49,360 89
Gross cash expenditures, ....
Risks and Premiums.
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
. $18,288,645 00
. 297,355,100 00
$315,643,745 00
. 297,535,524 00
.|18,108,221 00
. 5,489,69-
1,610 0-4
50,000 00
72,042 18
67,308 62
4,521 62
8 51
1560,190 97
Premiums.
■,917 48
79,774 73
f 1,390,69 _
1,279,402 82
$111,289 39
29,606 63
Net amount in force, .
Miscellaneous.
Marine and inland losses incurred during the year,
.£12,618,529 00 $81,6-
£351,738 00
"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated June 24, 1S96. Commenced business July 1, 1S96.]
Paid-up Capital, $200,000.
HENRY H. HALL, President. EDW. K. BEDDALL, Secretary.
Detailed Statement of Stocks, Bonds, etc.
United States bonds, .
City of Chicago river bonds,
Maine Central R.R. bonds,
New Y~ork city loan, .
224 shares Beech Creek R.R.,
Par Value,
f 105,000 00
20,000 00
15,000 00
50,000 00
11,200 00
$201,200 00
Summary of Assets Dec. 31, 1901.
Stocks, bonds, etc , as per schedule, . . . $246,772 00
Cash deposited in bank,
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
8,087 88
1,843 36
13,-221 68
Market Value.
$144,875 00
22,000 00
15,900 00
52,125 00
11,872 00
£246,772 00
$269,924 92
VICTORIA FIRE INSURANCE CO. OF NEW YORK. 401
Liabilities.
Losses adjusted, unpaid, $10,010 34
Losses claimed and reported, .... 15,237 80
Unearned premiums on outstanding risks, . 44,541 64
Commissions and brokerage, .... 1,983 25
Gross liabilities, except capital, . . $71,773 03
Surplus as regards policy holders, $198,151 89
Paid-up capital, 200,000 00
Impairment of capital, $1,848 11
Income.
Fire premiums outstanding Dec. 31, 1900, . $5,443 73
Premiums on risks written or renewed, . . 108,615 29
Total, $114,059 02
Premiums now in course of collection, . . 13,221 68
Entire premiums collected, .... $100,83734
Less reinsurance and return premiums, . . 21,986 26
Net cash fire premiums received, . . . $78,851 08
Interest and dividends received from all sources, . . . 7,921 46
Gross cash income, $86,772 54
Expenditures.
Cash paid for fire losses, $60,886 08
Deduct salvage and reinsurance, . . . 9,163 03
Net cash paid for fire losses, .... $51,723 05
Cash paid for commissions and brokerage, .... 17,080 61
for salaries of officers and employees, . . . 4,062 96
for State and local taxes, 2,431 26
for incidentals, 3,884 59
Gross cash expenditures, $79,182 47
Risks and Premiums.
Premiums.
. $8,617,855 00 $88,805 83
. 10,272,184 00 108,615 29
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured, . .
Net amount in force, .
.$18,890,039 00 $197,421 12
. 10,629,567 00 107,842 22
1,260,472 00 $89,578 90
67,550 00 812 25
5,192,922 00 $88,766 65
402
WESTCHESTER FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
1430,844 00
285,025 00
71,447 00
15,000 00
32,500 00
"WESTCHESTER FIRE INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.]
Paid-up Capital, $300,000.
GEO. R. CRAWFORD, President. M. O. BROWN, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States consols, $60,000 00 $67,200 00
New York city bonds, 300,000 00 315,000 00
Chesapeake & Ohio bonds, .... 30,000 00 36,000 00
Missouri, Kansas & Texas bonds, . . . 30,000 00 29,400 00
New Rochelle city bonds, .... 30,000 00 80,120 00
Richmond city, Va., bonds, .... 16,00000 16,00000
New York & Harlem R.R. stock, . . . 60,000 00 255,000 00
Albany & Susquehanna R.R. stock, . . . 40,000 00 89,000 00
Rensselaer & Saratoga R.R. stock, . . . 50,000 00 105,000 00
N. Y., Lack. & Western R.R. stock, . . . 80,000 00 108,000 00
Rome, Watertown & Ogdensburg R.R. stock, . 50,000 00 68,000 00
Oswego & Syracuse R.R. stock, . . . 20,000 00 45,000 00
Syracuse, Binghamton & N. Y. R.R. stock, . 50,000 00 102,500 00
Chicago, Milwaukee & St. Paul R.R. stock, . 110,000 00 184,000 00
Delaware & Hudson Co. stock, . . . 20,000 00 35,500 00
Chicago & Northwestern R.R. stock, . . 50,000 00 103,000 00
Pennsylvania R.R. stock, 50,000 00 75,250 00
N. Y. Central & Hudson River R.R. stock, . 50,000 00 84,000 00
Western Union Telegraph Co. stock, . . 100,000 00 92,500 00
Chatham National Bank, N. Y., stock, . . 5,000 00 16,250 00
$1,201,000 00 $1,856,720 00
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate, . § 260,250 00
Loans on mortgage of real estate (firstjiens *), 519,497 50
Interest due or accrued thereon, . . . 10,266 73
Stocks, bonds, etc., as per schedule, . . . 1,856,720 C»n
* Value of lands mortgaged, | • ; " "
Value of buildings thereon, 542,600 00
Amount of insurance held as collateral 50S.650 00
WESTCHESTER FIRE INSURANCE CO.
403
Cash deposited in bank,
Premiums in course of collection (gross),
Prem's more than three mos. due, $14,620 90
Gross assets,*
Deduct special deposits in other States, .
$328,967 93
231,336 66
$3,207,038 82
83,200 00
Balance, $3,123,838 82
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital,
$44,004 86
164,496 64
13,750 00
3222,251 50
43,334 31
$178,917 19
1,487,449 09
53,860 29
15,219 15
$1,735,445 72
33,686 70
1,701,759 02
. $1,422,079 80
300,000 00
$1,122,079 80
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$290,863 88
2,780 00
$288,083 88
2,385,913 14
$2,673,997 02
245,957 56
$2,428,039 46
537,092 38
$1,890,947 08
31,527 51
sources, . . 118,819 54
1,754 81
$2,043,048 94
* Including $300,000 special reserve held under New York laws.
404
THE WESTERN INSURANCE CO. OF PITTSBURGH.
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . ...
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$1,256,704 80
153,100 38
Gross cash expenditures, ....
Risks and Premiums.
f 1,103,604 42
48,000 00
• 422,825 56
118,213 61
46,810 67
170,661 42
f 1,910,115 68
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Premium*.
$302,417,917 00 $2,708,695 79
234,409,571 00 2,385,913 14
$536,827,488 00
203,046,772 00
$333,780,716 00
30,457,055 00
$5,094,608 93
1,972,051 54
$3,122,557 39
285,864 91
$303,323,661 00 $2,836,692 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (16 per cent.),
Company's stock owned by directors, ....
$29,582,346 00
16,413,395 00
1,126,181 00
942,000 00
48,000 00
98,100 00
"THE WESTERN INSURANCE COMPANY OF PITTSBURGH,"
PITTSBURGH, PA.
[Incorporated March 20, 1S49. Commenced business May 1, 1S49.]
Paid-up Capital, $300,000.
JOHN B. JACKSON, President. D. DALLAS HAEE, Secretary.
Detailed Statement of Bonds.
Par Value. Market Value.
United States bonds, $30,000 00 $,900 00
Allegheny County bonds, 20,000 00 .000 00
Pittsburgh Junction R.R. bonds, . . . 23,000 00 27,750 00
Pittsburgh & Western R.R. bonds, . . . 10,000 00 10,100 00
Pittsburgh & Allegheny Bridge Co. bonds, . 15,000 00 16,200 00
Jack's Run Bridge Co. bonds, . . . 4,000 00 00
East McEeesport, Pa., school bonds, . . 2,500 00 2.775 00
Wilkinsburg Borough bonds, .... 30,000 00 33,000 00
Braddock Township school bonds, . . . 4,500 00 4,500 00
THE WESTERN INSURANCE CO. OF PITTSBURGH.
405
New Brighton, Pa., school bonds, .
German Evangelical Protestant Church bonds,
Bellevue Borough, Pa., bonds, .
Avalon Borough, Pa., school bonds, .
Connellsville Water Co. bonds,
Pennsylvania Water Co. bonds,
Beaver Valley Traction Co. bonds, .
Youngstown & Sharon R'y Light Co. bonds,
Birmingham, Ala., Water Works Co. bonds,
St. Joseph, Mo., Water Co. bonds, .
Carbon Iron Co. bonds, ....
Securities held as collateral for cash loans : —
Paid up policy of N. Y. Life Insurance Co., .
Par Value.
$5,000 00
3,000 00
3,500 00
1,500 00
4,000 00
5,000 00
8,000 00
20,000 00
10,000 00
10,000 00
10,000 00
Market Value.
$5,140 00
3,040 00
3,640 00
1,500 00
4,100 00
5,400 00
8,400 00
20,000 00
10,000 00
10,200 00
11,000 00
$219,000 00 $235,045 00
Market Value. Loaned Thereon.
$3,000 00 $1,775 94
Summary of Assets Dec. 31, 1901.
Loans on mortgage of real estate (first liens*), $192,600 00
Interest due or accrued thereon,
Bonds, as per schedule, ....
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prems. more than three mos. due, $4,233 86
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital,
3,217 63
235,045 00
1,775 94
2,581 76
79,558 23
1,109 39
34,110 38
1,002 65
$8,646 80
15,906 42
2,525 00
$551,000 98
$27,078 22
257 66
$26,820 56
182,994 07
7,037 52
31 29
1,923 81
218,807 25
$332,193 73
300,000 00
$32,193 73
* Value of lands mortgaged, $268,100 00
Value of buildings thereon, 268,950 00
Amount of insurance held as collateral, ..... 161,600 00
406
THE WESTERN INSURANCE CO. OF PITTSBURGH.
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from profit on sale of real estate,
136,152 48
3,354 52
$32,797 96
295,676 01
$328,473 97
34,835 36
$293,638 61
52,110 58
$104 45
1 74
$102 71
322 99
152 62
$273 08
17 21
sources, .
$241,528 03
255 87
10,169 83
8,667 64
4,u64 00
54,972 05
Gross cash income, $319,657 42
Expenditures.
Cash paid for fire losses, $147,155 50
Deduct salvage and reinsurance, . . . 9,012 76
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$138,142 74
18,000 00
60,242 64
11,298 :
5,485 68
17,991 58
Gross cash expenditures, $251,16" 71
WHAT CHEER MUTUAL FIRE INSURANCE CO.
407
Risks and Premiums.
Fire risks outstanding Dec. 81, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1901, .
Deduct risks expired and terminated,
. $27,789,522 00
. 26,932,687 00
.$54,722,209 00
. 21,086,586 00
. $33,635,623 00
. 2,052,667 00
Premiums.
$301,446 81
295,676 01
$597,122 82
226,216 03
$370,906 79
20,745 88
.$31,582,956 00 $350,160 91
$39,832 00
39,832 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$322 99
322 99
$5,120,279 00
3,092,943 00
141,170 00
1,007,500 00
18,000 00
51,500 00
WHAT CHEER MUTUAL FIRE INSURANCE COMPANY,
PROVIDENCE, R. I.
[Incorporated May, 1873. Commenced business Jan. 1, 1874.]
LEWIS T. DOWNES, President. JOSEPH T. DAY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
100 shares Nat'l Bank of Commerce, Prov., . $5,000 00 $5,100 00
70 " American Nat'l Bank, Providence, . 3,500 00 3,290 00
100 " N'l Bank of No. America, Prov., . 5,000 00 4,600 00
100 " Chic, St. Paul, Minn. & Omaha R'y, 10,000 00 18,500 00
50 " Old Colony R.R. Co., . . . 5,000 00 10,500 00
200 " Illinois Central R.R. Co., . . 20,000 00 21,300 00
100 " Cleve. & Pitts. R.R. Co., . . . 5,000 00 9,750 00
100 " N. Y., Lack. & Western R'y Co., . 10,000 00 13,600 00
50 " Albany & Susquehanna R.R. Co., . 5,000 00 12,100 00
294 " Pennsylvania R.R. Co., . . . 14,700 00 22,050 00
200 " Rensselaer & Saratoga R.R. Co., . 20,000 00 43,300 00
Kansas City Elevated R'y bonds, ... 12,000 00 10,680 00
Lynn & Boston R.R. bonds, .... 10,000 00 11,400 00
Steinway R'y Co. bonds, 5,000 00 5,800 00
$130,200 00 $191,970 00
408
WHAT CHEER MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec
Stocks and bonds, as per schedule,
Cash loans, ....
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
31, 1901.
$ 191,970 00
56,213 21
4,017 47
22,513 10
1,663 95
9,641 70
1286,019 43
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, ....
$938 87
15,483 69
145,103 77
5,834 08
167,360 41
Net cash assets, £118,659 02
Income.
Premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Received for extra premiums, ....
Interest and dividends received from all sources,
f 5,625 11
312,386 42
$318,011 53
9,641 70
$308,369 83
18,297 44
£290,072 39
1,631 36
13,682 66
Gross cash income, £305,386 41
Expenditures.
Cash paid for losses,
Deduct salvage,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspection expenses, .
for incidentals, ....
£99,251 89
102 21
$99,149 68
219,744 23
10,854 00
6,758 45
1,317 00
5,640 84
4,5c<"
Gross cash expenditures, £343,022 96
WILLIAMSBURGH CITY FIRE INSURANCE CO.
409
Risks and Premiums.
Amount. Cash Prem's. Contlng't Prem's.
Risks outstanding Dec. 31, 1900, $35,756,424 00 $ 308,279 55 $1,541,397 75
Risks written during 1901, . 36,836,304 00 312,386 42 1,561,932 10
Total, $72,592,728 00 $620,665 97 $3,103,329 85
Risks terminated during 1901, . 38,666,578 00 330,458 43 1,652,292 15
In force at end of year, . .$33,926,150 00 $290,207 54 $1,451,037 70
Miscellaneous.
Losses incurred during the year, $113,868 00
Profits or surplus returned during 1901, 70 per cent.
"WILLIAMSBURGH CITY FIRE INSURANCE COMPANY,"
BROOKLYN, N. Y.
[Incorporated March, 1853. Commenced business March, 1853.]
Paid-up Capital, $250,000.
MARSHALL S. DRIGGS, President. FRED'K H. WAY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Richmond, Va., bonds, $13,500 00 $13,500 00
Georgia bonds, 10,000 00 11,200 00
Brooklyn Union Gas Co. of Brooklyn bonds, . 9,000 00 10,350 00
New York city bonds, 92,500 00 96,950 00
New i~ork & Hoboken Ferry Co., . . . 30,000 00 28,500 00
American Malting Co. bonds, .... 21,000 00 19,740 00
First National Bank of Brooklyn stock, . . 22,000 00 63,800 00
Brooklyn Union Gas Co. of Brooklyn stock, . 50,000 00 100,000 00
Kings County Trust Co. of Brooklyn stock, . 9,000 00 36,000 00
Brooklyn City R.R. Co. of Brooklyn stock, . 10,500 00 24,360 00
Union Ferry Co. of Brooklyn stock, . . 85,000 00 29,750 00
Chicago, Mil. & St. Paul R.R. Co. stock, . . 30,000 00 49,200 00
Consolidated Gas Co. of New York stock, . 100,000 00 210,000 00
N. Y. & Hoboken Ferry Co. of N. J. stock, . 100,000 00 75,000 00
Williamsburgh Trust Co. of New York stock, 18,000 00 36,000 00
Pennsylvania R.R. Co. stock, .... 148,000 00 214,600 00
The Commercial Cable Co. stock, . . . 20,000 00 30,000 00
The Reading Co. stock, 20,000 00 16,400 00
Hocking Valley R.R. Co. stock, . . . 40,000 00 30,400 00
Illinois Central R.R. Co. stock, . . . 40,000 00 55,600 00
Securities held as collateral for cash loans : —
93 shares Williamsb'g Tr. Co., Brook., N. Y.,
72 " National Surety Co., New York, .
50 " Nassau Oil Co., ....
$868,500 00 $1,151,350 00
Market Value. Loaned Thereon.
$18,600 00 \
10,080 00 i $21,000 00
3,000 00 )
410
WILLIAMSBURGH CITY FIRE INSURANCE CO.
100 shares United States Steel Co., .
100 " New York & Hoboken Ferry Co.,
Market Value. Loaned Thereon.
.300 00 |3,000 00
7,500 00 1,000 00
$43,480 00 $25,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prems. more than three mos. due, $796 76
Gross assets,f
Deduct special deposits in other States, .
Balance, 12,209,320 59
31, 1901.
|638,000 00
253,450 00
2,661 10
1,151,350 00
25,000 00
1,197 09
17,787 53
7,213 66
128,386 56
6,446 68
2,527 97
$2,234,020 59
24,700 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
State and local taxes,
Commissions and brokerage, .
Reinsurance, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$19,448 79
50,524 27
12,054 57
$82,027 63
8,516 73
$73,510 90
690,786 99
6,138 95
23,134 07
2,516 61
10,471 87
$806,559 39
20,972 80
785,586 59
11,423,734 00
250,000 00
$1,173,734 00
* Value of lands mortgaged $211,250 00
Value of buildings thereon, 2-20,000 00
Amount of insurance held as collateral 223,300 00
t Including $2S0,000 special deposit held under New York law.
WILLIAMSBURGH CITY FIRE INSURANCE CO.
411
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, . . . ,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
other
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$ 102,853 20
8,228 25
$94,624 95
990,020 99
$1,084,645 94
129,183 32
$955,462 62
167,412 23
sources,
$408,693 93
26,062 50
$788,050 39
9,808 64
48,390 65
7,167 49
$853,417 17
$382,631 43
61,996 00
204,276 20
76,800 54
7,592 66
50,076 24
$783,373 07
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$149,320,684 00 $1,299,392 06
. 99,511,510 00 990,020 99
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$248,832,194 00 $2,289,413 05
. 88,774,746 00 849,635 72
$160,057,448 00 $1,439,777 33
. 9,511,010 00 98,894 94
$150,546,438 00 $1,340,882 39
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (24 per cent.),
Company's stock owned by directors, .
$18,783,560 00
9,631,848 00
405,344 00
1,782,500 00
60,000 00
48,150 00
AGGREGATE.
Capital Stock.
Capital actually paid up in cash, .
Scrip outstanding,
Gross present assets,
Assets.
Liabilities.
Gross present liabilities,
Income.
Cash actually received for fire premiums, .
for marine and inland premiums,
for interest and dividends from all sources,
from all other sources,
Gross cash income,
Expenditures.
Cash actually paid during the year for fire losses,
for marine and inland losses, ....
for dividends to stockholders, ....
for dividends to policy holders (mutual companies)
for redemption of scrip,
for interest to scrip holders
for brokerage and commission on premiums, .
for salaries and pay of officers and employees, .
for State and local taxes,
for office, agency and incidental expenses,
Gross cash expenditures,
Miscellaneous.
Whole amount of fire risks written during the year, .
premiums charged or receivable thereon,
marine and inland risks written during the year,
premiums charged or receivable thereon,
fire risks terminated during the year,
marine and inland risks terminated,
fire risks outstanding at end of year,
marine and inland risks outstanding,
cash dividends declared during the year,
fire losses incurred during the year,
marine losses incurred during the year,
£48,102,875
6,596,960
1243,309,903
1113,880,412
$107,314,402
8,017,772
8,173,648
1,380,708
6124,886,530
£59,334,621
4,254,931
5,9.o
3,359,323
1,027
379,426
22,318,759
7,768,808
3,234,860
8,502,572
$116,136,114
613,529,866,059
143,901,971
2,031,338,525
10,599,339
11,871,804,650
2,030,335,153
16,248,106,443
217,273,166
5,895,086
61,217.
3.388,534
UNITED STATES BRANCHES OF
FOREIGN FIRE AND MARINE
INSURANCE COMPANIES.
Detailed Statement op Assets and Liabilities, with Abstract
op Annual Statements, for the Year ending
December 31, 1901.
414
AACHEN AND MUNICH FIRE INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
UNITED STATES BRANCH OF THE " AACHEN AND MUNICH FIRE
INSURANCE COMPANY," AIX-LA-CHAPELLE, GERMANY.
Deposit Capital, $200,000.
JOSEPH A. KELSEY, United States Manager.
Office, 46 Cedar Street, New York, N. Y.
Detailed Statement of Bonds.
United States bonds,
Consol. stock of the city of N. Y. bonds,
Atch., Topeka & Santa Fe R.R. bonds,
Chic, Rock Island & Pacific R.R. bonds,
Northern Pacific R.R. bonds, .
Union Pacific R.R. bonds, .
Par Value.
1325,000 00
184,000 00
25,000 00
25,000 00
25,000 00
25,000 00
Market Value.
$453,781 25
182,160 00
25,843 75
26,812 50
26,250 00
26,187 50
$609,000 00 $741,035 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Notes taken for fire risks,
Prem's more than three mos. due, $1,326 79
Gross assets,
$741,035 00
57 71
88,929 08
920 00
111,132 94
1,230 41
$943,305 14
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due for bills receivable, .
169,812 50
8,486 96
1,230 41
79,529 87
Balance, $863,775 27
AACHEN AND MUNICH FIRE INSURANCE CO.
415
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from all other sources,
Received from home office,
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employ
for State and local taxes,
for incidentals,
Remitted to home office
Gross cash expenditures, .
$34,216 63
42,544 32
12,632 51
$89,393 46
5,319 66
$84,073 80
397,143 91
15,840 45
6,878 91
2,248 65
$506,185 72
14,522 92
$114,558 88
537 96
$114,020 92
812,450 11
$926,471 03
111,921 77
$814,549 26
208,959 25
$4,485 00
$394,475 00
40,454 16
ees,
L,761 50
$491,662 80
$372,112 47
200,000 00
$172,112 47
$605,590 01
23,862 21
35 76
$629,487 98
$354,020 84
124,054 78
75,823 60
18,758 41
43,496 30
$616,153 93
416
ATLAS INSURANCE CO. LIMITED.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
. $60,028,814 00 $ 779,419 62
. 60,673,400 00 812,450 11
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$120,701,714 00 $1,591,869 73
58,060,036 00 761,760 88
Net amount in force, .
Miscellaneous
Fire losses incurred during the year,
$62,641,678 00 $830,108 85
5,319,455 00 71,883 57
$57,322,223 00 $758,225 28
. $384,065 00
UNITED STATES BRANCH OF THE "ATLAS ASSURANCE
COMPANY LIMITED," LONDON, ENGLAND.
Deposit Capital, $200,000.
J. M. NEUBURGER, United States Manager.
Office, 315 Dearborn Street, Chicago, III.
Detailed Statement of
United States government bonds, .
Pennsylvania R.R. Co. bonds, ....
New York Cent. & Hudson R. R.R. Co. bonds,
Boston & Maine R.R. Co. bonds,
New York & Putnam R.R. Co. bonds,
City of Louisville bonds,
City of St. Louis bonds,
Commonwealth of Mass. State highway loan,
New York Cent. & Hudson R. R.R. Co. bonds,
Chicago & Northwestern R.R. Co. bonds,
Chic, Milwaukee & St. Paul R.R. Co. bonds, .
Territorial bonds, New Mexico,
Summary of Assets Dec
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
Bonds.
Par Value.
$350,000 00
25,000 00
25,000 00
25,000 00
25,000 00
50,000 00
15,000 00
50,000 00
70,000 00
100,000 00
100,000 00
10,000 00
Market Value.
$378,000 00
29,250 00
25,000 00
31,500 00
26,250 00
52,500 00
16,800 00
54,500 00
77,000 00
108,000 00
101,000 00
10,470 00
$845,000 00 $910,270 00
31, 1901.
$910,270 00
2,856 14
26,720 83
8,265 00
154,135 55
11 19
$1,102,258 71
ATLAS ASSURANCE CO. LIMITED.
417
Unadmitted.
Special deposits in other States,
Cash not in^control of trustees,
$172,470 00
19,576 97
$192,046 97
Balance, $910,211 74
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums, ....
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$12,825 76
54,710 55
11,174 07
$78,710 38
5,750 56
$72,959 82
550,625 33
1,575 02
1,514 64
27,760 04
8,780 47
4,876 68
709 04
,801 04
47,602 96
621,198 08
$289,013 66
200,000 00
$89,013 66
Income.
Fire premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all
Income from all other sources,
Gross cash income,
$112,573 63
453 04
$112,120 59
1,029,488 90
$1,141,609 49
154,135 55
$987,473 94
238,820 60
sources,
$748,653 34
80,532 88
128 94
$779,315 16
418
THE BRITISH AMERICA ASSURANCE CO.
Expenditures.
Cash paid for fire losses, $505,324 80
Deduct salvage and reinsurance, . . . 53,720 95
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage, ....
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks, . $2,725 00
Gross cash expenditures
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
Miscellaneous
Fire losses incurred during the year,
$106,137,038 00
. 94,140,012 00
$200,277,050 00
. 99,552,544 00
$100,724,506 00
8,593,387 00
$92,131,119 00
$55,831 00
$451,503 85
149,123 06
51,669 07
19,081 56
70,044 68
$741,422 22
Premiums.
$1,181,239 20
1,029,488 90
$2,210,728 10
1,047,660 99
$1,163,067 11
97,686 17
$1,065,380 94
$1,657 92
$461,913 00
UNITED STATES BRANCH OF "THE BRITISH AMERICA
ASSURANCE COMPANY" TORONTO, CANADA.
Deposit Capital, $2<*),000.
FREDERICK B. CARPENTER. Attorneij.
Office, 92 Water Street, Boston.
Detailed Statement of
City of New York stock, .
United States bonds, .
Georgia State bonds,
City of London, Can., bonds,
City of Winnipeg, Can , bonds,
City of Kingston, Can., bonds,
City of Richmond, Va., bonds,
City of Toledo, O., bonds,
City of Columbus, O., bonds,
City of Riverside, Cal., bonds,
City of Brooklyn, N. Y., bonds,
City of Colorado Springs, Col., bonds,
Stocks, Bonds, etc.
Par Value.
$170,000 00
110,000 00
10.000 00
150,000 00
20,000 00
20,000 00
26,300 00
60,000 00
50,000 00
25,000 00
30,000 00
25,000 00
Market Value.
$178,704 00
119,900 00
11,650 00
158,680 50
21,894 00
22,298 00
28,344 07
68,525 00
53,750 00
29,557 50
82,346 00
%187 50
THE BRITISH AMERICA ASSURANCE CO.
419
N. Y. & West Shore R'y bonds,
Canadian Northern R'y Co. land grant bonds,
Missouri Pacific bonds, ....
Rochester Electric R'y Co.'s bonds, .
Toronto Electric Light Co.'s bonds,
Central Canada L. & S. Co.'s debentures,
Toronto Savings & Loan Co. debentures,
Canada Permanent & Western Can. stock,
Summary of Assets Dec.
Loans on mortgage of real estate (first liens *),
Stocks, bonds, etc., as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, .....
Par Value.
|12,000 00
45,000 00
50,000 00
25,000 00
20,000 00
60,000 00
50,000 00
8,940 00
Market Value.
|13,590 00
45,000 00
53,750 00
27,500 00
20,266 00
60,000 00
50,000 00
10,996 20
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Balance,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$967,240 00 $1,034,938 77
31, 1901.
$10,000 00
1,034,938 77
56,953 64
6,558 32
254,852 28
$1,363,303 01
$280,669 07
8,588 90
289,257 97
$1,074,045 04
$24,450 35
47,305 72
2,260 00
788,042 83
60,925 25
$922,984 15
122,637 74
800,346 41
$273,698 63
200,000 00
$73,698 63
$178,347 82
1,329,392 57
$1,507,740 39
218,748 53
$1,288,991 86
301,605 33
$987,386 53
* Value of property mortgaged,
$50,000 00.
420
THE BRITISH AMERICA ASSURANCE CO.
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
$52,780 56
338,001 81
f390,782 37
36,103 75
|354,678 62
80,602 88
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all sources,
Gross cash income,
Expenditures
Cash paid for fire losses, $772,649 66
Deduct salvage and reinsurance, . . . 62,864 99
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$274,07
42,142 63
11,303,604 90
Gross cash expenditures, .
Risks and Pri
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
$ 192,769 48
20,895 98
Total,
Deduct risks expired and terminated,
In force at end of vear,
MS.
$122,080,923 00
. 105,065,650 00
$227,146,573 00
.107,116,794 00
$120,029,779 00
. 4,823,144 00
$709,784 67
171,873 50
232,170 45
64,196 73
42,415 62
85,678 70
$1,306,119 67
Premiums.
$1,328,091 33
1,329,392 57
$2,657,4*3 90
1,219,161 56
$1,438,322 34
60,029 39
$115,206,635 00 $1,378,292 95
. $1,970,938 00
. 33,964,650 00
.$35,935,588 00
. 32,332,612 00
$60,029 38
338,001 81
$398,031 19
303,847 00
. $3,602,976 00 $94,184 19
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
$682,806 00
163,936 00
BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED). 421
UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL,
ENGLAND.
Deposit Capital, $300,000.
FRANK GAIR MACOMBER, Attorney.
Office, 147 Milk Street, Boston.
Detailed Statement of Stocks, Bonds, etc.
Par Value.
Boston & Lowell R.R. bonds, .... $100,000 00
Fitchburg R.R. bonds, 30,000 00
Old Colony R.R. bonds, 50,000 00
Boston, Clinton, Fitch. & N. Bed. R.R. bonds, . 2,000 00
New England R.R. bonds, .... 50,000 00
Boston & Maine R.R. bonds, .... 1,000 00
Old Colony R.R. bonds 37,000 00
Eastern R.R. bonds, ...... 22,839 80
State of Massachusetts bonds, .... 12,000 00
City of Brooklyn bonds, 42,000 00
City of New York additional water stock, . 158,000 00
United States bonds, 110,000 00
Port of Portland bonds, 5,000 00
City of Portland bonds, . . . . . 12,000 00
Alleghany Valley R.R. bonds, .... 100,000 00
Pennsylvania R.R. Co. bonds, .... 39,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 75,000 00
Richmond city bonds, 50,000 00
Lehigh Valley R.R. bonds, .... 35,000 00
New York Cent. & Hudson R. R.R. deb. c't's, 50,000 00
Pennsylvania R.R. bonds, 29,100 00
Pittsburgh, Fort Wayne & Chicago R.R. stock, 50,000 00
Cleveland & Pittsburgh R.R. stock, . . . 25,000 00
Market Value.
$102,000 00
30,525 00
55,125 00
2,200 00
67,000 00
1,260 00
40,300 00
25,293 78
13,080 00
41,370 00
161,760 00
149,475 00
5,975 00
14,430 00
121,250 00
42,363 75
86,062 50
50,000 00
37,712 50
50,083 33
30,700 50
95,125 00
47,854 17
$1,084,939 80 $1,270,945 53
Summary of Assets Dec
Loans on mortgage of real estate (first liens),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, $23,951 15
Gross assets,
31, 1901.
$27,500 00
625 00
1,270,945 53
46,523 14
14,888 55
193,158 61
86,713 12
$1,590,353 95
422 BRITISH AND FOREIGN MARINE INSURANCE CO. (LIMITED).
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Reinsurance due on losses paid,
$ 188,455 00
46,523 14
25,468 98
$260,447 12
Balance, $ 1,329,906 83
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
$195,229 64
16,408 00
£211,637 64
80,562 77
$131,074 87
215,591 83
23,879 12
97,462 39
84,175 07
$552,183 28
5,493 91
Surplus over capital,
$546,689 37
$783,217 46
300,000 00
$483,217 46
Income.
Marine premiums outstanding Dec. 31, 1900, . $235,454 82
Same not collected, 1,541 96
Net collected,
Premiums on risks written or renewed, .
$233,912 86
1,818,235 31
Total, $2,052,148 17
Premiums now in course of collection, . . 217,109 76
Entire premiums collected, .... $1,835,038 41
Less reinsurance and return premiums, . . 852,174 12
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
Received from home office, .... $165,663 50
$982,S64 29
48,505 38
Gross cash income,
. $1,031,369 67
CALEDONIAN INSURANCE CO.
423
Expenditures.
Cash paid for marine and inland losses, . . $829,385 56
Deduct salvage and reinsurance, . . . 631,585 65
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
Remitted to home office, $745,090 36
Gross cash expenditures, ....
Risks and Premiums.
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, . . ' .
Deduct amount reinsured,
. |26,557,720 00
. 592,707,743 00
$619,265,463 00
. 592,843,392 00
.|26,422,071 00
. 6,816,359 00
$197,799 91
154,851 38
59,674 55
29,575 64
$441,901 48
Premiums.
$282,127 06
1,818,235 31
$2,100,362 37
1,797,921 55
$302,440 82
86,848 99
Net amount in force, .
Miscellaneous.
Marine and inland losses incurred during the year,
.$19,605,712 00 $215,591 83
$171,508 00
UNITED STATES BRANCH OF THE "CALEDONIAN INSURANCE
COMPANY," EDINBURGH, SCOTLAND.
Deposit Capital, $200,000.
CHARLES H. POST, j ^
N. A. McNeil, S
Office, 27-29 Pine Street, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, . . . $300,000 00 $334,500 00
New York city bonds, 200,000 00 211,000 00
Penn. & N. Y. Canal & R.R. Co. bonds, . . 100,000 00 95,000 00
Allentown Terminal R.R. Co. bonds, . . 50,000 00 51,000 00
Richmond & Petersburg R.R. Co. bonds, . 50,000 00 56,000 00
St. Paul, Minn. & Manitoba R.R. Co. bonds, . 50,000 00 51,500 00
Lake Erie & Western R.R. Co. bonds, . . 50,000 00 61,250 00
Chic, Milwaukee & St. Paul R.R. Co. bonds, . 50,000 00 58,500 00
Phila., Wilmington & Bait. R.R. Co. bonds, . 50,000 00 54,500 00
Long Island R.R. Co. bonds, .... 50,000 00 51,000 00
Chic, Rock Island & Pacific R.R. Co. bonds, . 50,000 00 53,500 00
Portland, Ore, water loan bonds, . . . 50,000 00 60,000 00
State of Georgia bonds, 10,000 00 10,400 00
Lehigh Valley Coal Co. bonds, . . . 25,000 00 27,000 00
424
CALEDONIAN INSURANCE CO.
City of Richmond, Va., bonds, .
Chic, Mil. & St. Paul R.R. Co. stock,
Central Union Gas Co. of N. Y. bonds, .
Broadway & Seventh Ave. R.R. Co. bonds,
Brooklyn Union Gas Co. bonds,
Par Value.
?25,000 00
60,000 00
5,000 00
10,000 00
5,000 00
Market Value.
196,750 00
112,800 00
5,860 00
11,800 00
5,850 00
fl,190,000 00 |1,338,200 0O
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks.
Reinsurance due on losses paid,
Prem's more than three mos. due, . $8,331 97
Gross assets,
$281,315 67
1,338,200 00
518 48
68,815 88
12,120 80
161,597 47
694 73
2,555 86
fl,865,818 89
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due for bills receivable, .
Reinsurance due on losses paid,
1208,650 00
5,029 39
694 73
376 68
214,750 80
Balance, $1,651,068 09
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Contingent and miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital,
£125,248 97
39,368 46
16,969 86
$181,587 29
21,302 91
f 160,284 38
796,066 78
37,182 63
16,449 35
6 69
19,703 74
£1,029,693 57
33,885 66
995,807 91
$655,260 18
200,000 00
$455,260 18
CALEDONIAN INSURANCE CO.
425
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Profits on sale or maturity of securities, .
. $173,096 48
. 1,808,021 52
. $1,981,118 00
169,929 44
. $1,811,188 56
741,147 20
$1,070,041 36
58,086 17
23,645 60
Gross cash income, $1,151,773 13
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
$1,022,476 19
162,148 18
for salaries of officers and employees,
for State and local taxes,
for rents, . . . .
for incidentals, ....
Gross cash expenditures, ....
,328 01
243,950 88
89,192 62
39,145 42
8,241 33
68,890 19
. $1,309,748 45
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . $205,386,222 00 $2,080,820 45
Fire risks written during 1901, . . . 170,240,347 00 1,808,021 52
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$375,626,569 00 $3,888,841 97
.177,391,157 00 1,751,591 50
$198,235,412 00 $2,137,250 47
. 47,897,522 00 615,578 91
$150,337,890 00 $1,521,671 56
Miscellaneous.
Fire losses incurred during the year,
$908,147 00
426
COLOGNE REINSURANCE CO.
UNITED STATES BRANCH OF THE "COLOGNE REINSURANCE
COMPANY," COLOGNE, GERMAN Y.
Deposit Capital, $200,000.
E. M. CRAGIN, UniUd States Manager.
Office, 56 Liberty Street, New York, N. Y.
Detailed Statement of Bonds.
Par Value.
United States bonds, $159,000 00
New York city bonds, 150,000 00
Atchison, Topeka & Santa Fe R.R. bonds, . 30,000 00
Central Pacific R'y Co. bonds, .... 68,000 00
Chicago, Mil. & St. Paul R'y Co. bonds, . . 20,000 00
Union Pacific R'y Co. bonds, .... 28,000 00
$455,000 00
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, $530,496 00
Cash deposited in bank, 236 62
Premiums in course of collection (gross), . 55,928 59
Gross assets,
Unadmitted.
Market Value.
$221,606 00
157,875 00
30,900 00
67,530 00
23,325 00
29,260 00
$530,496 00
$586,661 21
236 62
Cash not in control of trustees,
Balance, 1586,424 59
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
.182 00
322,864 32
16,494 73
345,541 05
$240,883 54
200,000 00
Surplus over capital, $40,883 54
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
196,447 76
586,539 93
$682,987 69
55,928 59
$627,059 10
103,296 96
$523,762 14
18,630 00
Gross cash income $542,392 14
COMMERCIAL UNION ASSURANCE CO. (LIMITED). 427
Expenditures,
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for commissions and brokerage,
for State and local taxes,
for incidentals,
Remitted to home office, ....
$297,609 10
2,145 92
$93,123 36
$295,463 18
153,501 41
2,631 03
428 40
Gross cash expenditures, $452,024 02
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . . $46,032,428 00 $393,643 89
Fire risks written during 1901, . . . 70,034,252 00 586,539 93
Total
Deduct risks expired and terminated,
In force at end of year, .
$116,066,680 00 $980,183 82
. 50,419,752 00 415,452 47
. $65,646,928 00 $564,731 35
Miscellaneous.
Fire losses incurred during the year,
. $254,024 00
UNITED STATES BRANCH OF THE "COMMERCIAL UNION
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $200,000.
A. H. WRAY, Manager.
Office, Corner Pine and William Streets, New York, N. T.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $410,000 00 $572,975 00
Central of New Jersey R.R. bonds, . . . 50,000 00 65,500 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 100,000 00 115,562 50
Chicago & Northwestern R.R. bonds, . . 120,000 00 145,537 50
Chicago, Rock Island & Pacific R.R. bonds, . 60,000 00 75,600 00
Cleve., Cin., Chicago & St. Louis R.R. bonds, . 50,000 00 49,500 00
Indianapolis & Vincennes R.R. bonds, . . 65,000 00 75,400 00
Lehigh Valley of N. Y. R.R. bonds, -. . 50,000 00 53,375 00
Lehigh Valley Terminal R.R. bonds, . . 50,000 00 56,000 00
Milwaukee, Lake Shore & West. R.R. bonds, . 25,000 00 34,125 00
428 COMMERCIAL UNION ASSURANCE CO. (LIMITED).
Western Pennsylvania R.R. bonds, .
West Shore R.R. bonds, .
Union Pacific R.R. bonds,
New York & Long Branch R.R. bonds,
Northern Pacific R.R. bonds, .
New York city bonds,
Pittsburg, Ft. Wayne & Chicago stock,
Fire Underwriters' Salvage Association stock,
Par Value.
$50,000 00
50,000 00
100,000 00
28,000 00
100,000 00
200,000 00
15,000 00
1,000 00
Market Value.
£66,000 00
56,250 00
106,750 00
35,560 00
104,250 00
209,750 00
29,250 00
1,000 00
$1,524,000 00 $1,842,385 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Rents due and accrued, ....
Prem's more than three mos. due, $15,037 00
Gross assets,
31, 1901.
$888,148 69
232,500 00
4,060 41
1,842,385 00
3,984 11
381,073 53
1,166 66
574,159 24
5,473 43
7,701 48
$3,940,652 55
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due for bills receivable, .
Underwriters' salvage stock, .
$293,475 00
79,172 51
5,473 43
1,000 00
379,120 94
Balance, $3,561,531 61
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
$116,720 00
289,770 00
28,500 00
$434,990 00
33,375 00
$401,615 00
2,214,216 99
100,205 62
78.587 33
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
6123,000 00
00 00
•214,500 00
COMMERCIAL UNION ASSURANCE CO. (LIMITED). 429
Return premiums, ....
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
$3,450 15
28,309 59
10,611 04
$2,836,995 72
38,050 00
$2,798,945 72
$762,585 89
200,000 00
Surplus over capital, $562,585 89
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected, .
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1900, .
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, .
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Deposits received for perpetual fire risks,
$485,832 12
3,777,479 04
$4,263,311 16
582,421 52
$3,680,889 64
975,270 36
$4,303 09
123,880 41
$128,183 50
6,774 72
$121,408 78
10,351 81
sources, .
$1,486 28
$2,705,619 28
111,056 97
11,264 26
71,750 00
21,283 24
Gross cash income, $2,920,973 75
Expenditures
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$1,936,846 01
119,943 81
$44,821 30
6,9
32 77
$1,816,902 20
37,888 53
556,056 82
138,897 29
80,659 87
159,157 36
$2,789,562 07
430
HAMBURG-BREMEN FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (not incl'd above),
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$429,734,889 00
. 353,263,746 00
$782,998,635 00
. 341,583,484 00
$441,415,151 00
. 32,217,223 00
$409,197,928 00
$5,323,163 00
$809,096 00
30,598,175 00
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
$31,407,271 00
29,783,480 00
$1,623,791 00
7,500 00
Premiums.
$4,080,123 03
3,777,479 04
$7,857,602 07
3,444,072 81
$4,413,529 26
270,126 05
$4,143,403 21
$111,339 58
$36,212 66
123,880 41
$160,093 07
89,610 80
$70,482 27
432 50
$1,616,291 00 $70,049 77
. $1,873,668 00
61,089 00
UNITED STATES BRANCH OF THE " HAMBURG-BREMEN FIRE
INSURANCE COMPANY," HAMBURG, GERMANY.
Deposit Capital, $300,000.
F. O. AFFELD, Resident Manager.
Office, 22 Pine Street, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $109,000 00
Georgia State bonds, 10,000 00 11,600 00
New York city additional water stock, . . 130,000 00 130,325 00
New York city school house bonds, . . . 100,000 00 100,000 00
Portland city, Ore., bonds 50,000 00 57,500 00
Providence city, R. I., bonds 25,000 00 28,375 00
Richmond city, Va., bonds, .... 27,500 00 31,200 00
HAMBURG-BREMEN FIRE INSURANCE CO.
431
St. Louis city, Mo , bonds,
Edison Electric Illuminating Co. of N. Y. b'ds,
Atch., Topeka & Santa Fe R.R bonds,
Baltimore & Ohio R.R. bonds, .
Beech Creek R.R. bonds, .
Central of Georgia R.R. bonds,
Central R.R. Co. of New Jersey bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Cincin , Ind., St. Louis & Chicago R.R. bonds
Denver & Rio Grande R.R. bonds, ■ .
East Tennesee, Virginia & Georgia R.R. bonds
Illinois Central R.R. bonds,
Lake Erie & Western R.R. bonds, .
Long Island R.R. bonds, .
Louisville & Nashville R.R. bonds, .
Milwau., Lake Shore & West. R.R. Co. bonds
Missouri, Kansas & Texas R.R. bonds, .
New York, Chicago & St. Louis R.R. bonds,
New York, Lake Erie & Western R.R. bonds
Northern Pacific R.R. bonds, .
Oregon Railway & Navigation Co. bonds,
Pennsylvania Co. bonds, ....
Pennsylvania R.R. bonds, ....
Pittsburg, Cin., Chic. & St. Louis R.R. bonds,
St. Louis & San Francisco R.R. bonds,
St. Paul, Minneapolis & Manitoba R.R. bonds
Scioto Valley & New England R.R. bonds,
Union Pacific R.R. bonds, ....
Wabash R,R. bonds,
Par Value.
$25,000 00
20,000 00
10,000 00
30,000 00
20,000 00
30,000 00
30,000 00
50,000 00
30,000 00
25,000 00
25,000 00
50,000 00
30,000 00
30,000 00
30,000 00
10,000 00
20,000 00
30,000 00
25,000 00
30,000 00
15,000 00
30,000 00
25,000 00
80,000 00
15,000 00
30,000 00
80,000 00
80,000 00
80,000 00
Market Value.
$25,406 25
21,450 00
10,337 50
29,062 50
22,200 00
36,075 00
40,200 00
58,500 00
31,500 00
25,750 00
30,000 00
52,000 00
36,750 00
36,750 00
33,900 00
12,675 00
19,525 00
32,100 00
35,000 00
31,500 00
15,300 00
34,200 00
29,400 00
34,500 00
17,306 25
34,612 50
30,450 00
32,100 00
85,475 00
Securities held as collateral for cash loans
Chesapeake & Ohio R.R. Co. bonds,
Chicago & Alton Railway Co. bonds,
Rochester & Pittsburg R.R. Co. bonds,
Baltimore & Ohio R.R. Co. bonds, .
$1,227,500 00 $1,352,025 00
Market Value. Loaned Thereon.
$5,650 00 \
15,450 00
6,350 00 i
14,531 25 )
}. $30,000 00
$41,981 25 |30,000 00
Summary of Assets Dec. 31, 1901.
Stocks and bonds, as per schedule, . . $1,352,025 00
Loans on collateral security, as per schedule,
Cash deposited in bank, . . .
Premiums in course of collection (gross),
Gross assets,
30,000 00
83,214 90
129,756 48
$1,594,996 38
432
HAMBURG-BREMEN FIRE INSURANCE CO.
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Collateral loans not in control of trustees,
Balance,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions, brokerage, etc
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$ 100,300 00
13,214 90
30,000 00
$143,514 90
fl,451,481 48
$14,665 00
72,170 00
20,100 00
$106,935 00
5,550 00
£101,385 00
1,103,656 80
35,271 18
$1,240,312 98
60,724 06
1,179,588 92
1271,892 56
200,000 00
$71,892 56
Income.
Fire premiums outstanding Dec. 31, 1900, . $128,894 94
Premiums on risks written or renewed, . . 1,769,302 48
Total, $1,898,197 42
Premiums now in course of collection, . . 129,756 48
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . • .
Interest and dividends received from all sources,
. $1,768,440 94
333,577 42
$1,434,863 52
51,813 91
Gross cash income, $1,486,677 43
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$955,317 06
55,991 93
$899,325 13
270,435 66
121,238 90
39,551 45
88,396 12
$1,418,947 26
THE IMPERIAL INSURANCE CO. (LIMITED).
433
Risks and Premiums.
Fire risks outstanding Dec. 81, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
|163,024,565 00
. 139,899,505 00
$302,924,070 00
. 125,222,358 00
$ 177,701,712 00
. 6,812,373 00
Premiums.
$1,984,783 65
1,769,302 48
$3,754,086 13
1,574,241 51
$2,179,844 62
83,348 51
$170,889,339 00 $2,096,496 11
Miscellaneous.
Fire losses incurred during the year,
$937,760 00
UNITED STATES BRANCH OF "THE IMPERIAL INSURANCE
COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $200,000.
THOS. D. BELFIELD, General Attorney.
Office, 33 Pine Street, New York, N. Y.
Detailed Statement
United States bonds, ....
New York city school house bonds,
City of Boston court house loan,
West Shore R.R. Co. bonds,
West Virginia State certificates,
County of Essex, N. J., park bonds,
Lehigh Valley R.R. Co. bonds,
City of Providence water loan,
City of Boston public park loan,
City of New York, Harlem River Bridge
Hudson County, N. J., bonds, .
Illinois Central R.R. Co. bonds,
of Bonds, etc.
Par Value.
$466,000 00
50,000 00
50,000 00
50,000 00
28,666 67
100,000 00
40,000 00
50,000 00
50,000 00
loan, 60,0C0 00
50,000 00
50,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, 1 ....
Market Value.
$521,337 50
49,500 00
52,000 00
55,500 00
1,720 00
106,500 00
42,700 00
52,000 00
51,750 00
59,100 00
57,000 00
50,125 00
$1,044,666 67 $1,099,232 50
31, 1901.
$476,634 70
1,099,232 50
1,039 30
61,299 02
7,866 66
434
THE IMPERIAL INSURANCE CO. (LIMITED).
Premiums in course of collection (gross), . 8189,032 39
Rents due and accrued, 1,542 49
Prem's more than three mos. due, $11,917 48
Gross assets, $1,836,647 06
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$257,312 50
62,338 32
319,650 82
Balance, f 1,516,996 24
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
risks
$44,754 36
63,114 90
17,705 00
$125,573 56
6,398 24
$119,175 32
891,555 09
41,021 44
510 52
$1,052,262 37
93,268 80
958,993 57
$558,002 67
Surplus as regards policy holders, ....
Deposit capital 200,000 00
Surplus over capital,
$358,002 67
Income.
Fire premiums outstanding Dec. 31, 1900, . 8226,565 50
Premiums on risks written or renewed, . . 1,580,303 67
Total, $1,806,869 17
Premiums now in course of collection, . . 200,949 87
Entire premiums collected, .... $1,605,919 30
Less reinsurance and return premiums, . . 425,153 59
Net cash fire premiums received, . . . $1,180,765 71
Interest and dividends received from all sources, . . . 39,211
Income from rents, 26,609 07
Received from home office, .... 8153,273 86
Gross cash income,
. $1,246,586 61
LAW, UNION AND CROWN INSURANCE CO.
435
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate,
for incidentals, ....
Remitted to home 'office,
Gross cash expenditures, ....
$934,193 74
83,111 90
$91,104 50
$851,081 84
231,245 13
92,322 31
43,022 86
26,169 13
86,938 17
. $1,330,779 44
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$ 185,103,935 00 $2,009,437 87
. 128,706,551 00 1,580,303 67
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$313,810,486 00 $3,589,741 54
. 141,609,893 00 1,678,422 39
$172,200,593 00 $1,911,319 15
. 12,833,254 00 172,933 56
$159,367,339 00 $r,7 38,385 59
Miscellaneous.
Fire losses incurred during the year,
. $858,646 00
UNITED STATES BRANCH OF THE "LAW, UNION AND CROWN
INSURANCE COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
HALL & HENSHAW, United States Managers.
Office, 35 Pine Street, New York City.
Detailed Statement of Bonds.
Par Value. Market Value.
United States bonds $250,000 00 $348,750 00
New York city bonds, 189,000 00 198,450 00
Illinois Central R.R. bonds, .... 20,000 00 21,100 00
Standard Gas Light Co. bonds, . . . 20,000 00 23,300 00
Pitts , Cin., Chicago & St. Louis R.R. bonds, . 35,000 00 40,250 00
$514,000 00 $631,850 00
436
LAW, UNION AND CROWN INSURANCE CO.
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $155 00
Gross assets,
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$631,850 00
34,969 54
3,517 45
44,589 58
$69,750 X)0
34,969 54
$714,926 57
104,719 54
Balance, $610,207 03
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital,
$20,844 65
60,408 58
426 09
$81,679 32
15,716 94
$65,962 38
208,884 57
11,260 52
1,168 82
$287,276 29
5,767 00
281,509 29
$328,697 74
200,C00 00
$128,697 74
Income.
Fire premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
$50,169 88
492,672 71
Total, $542,842 59
Premiums now in course of collection, . . 44,744 58
Entire premiums collected, .... $498,098 01
Less reinsurance and return premiums, . . 174,652 54
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Received from home office, .... $30,000 00
$323,445 47
20,083 05
Gross cash income, $343,5. v
LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 437
Expenditures.
Cash paid for fire losses, $ 290,099 84
Deduct salvage and reinsurance, . . . 73,138 72
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Remitted to home office, $30,412 56
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $45,164,146 00
. 45,187,471 00
§90,351,617 00
49,389,482 00
§40,962,135 00
4,907,874 00
$216,961 12
79,502 01
7,838 07
10,052 17
7,269 54
$321,622 91
Premiums.
§493,102 32
492,672 71
$985,775 03
527,281 35
$458,493 68
56,987 85
.$36,054,261 00 $401,505 83
Miscellaneous.
Fire losses incurred during the year,
$229,144 00
UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
HENRY W. EATON, Resident Manager.
Office, 45 William Street, New York, N. Y.
Detailed Statement of
United States bonds, .
State of New York bonds,
City of Richmond bonds, .
City of Boston bonds,
Bernalillo Co , New Mexico, bonds,
Socorro Co., New Mexico, bonds,
City of New York bonds, .
Atchison, Topeka & Santa Fe R.R. bonds
Northern Pacific R.R. bonds, .
Union Pacific R'y bonds, .
St. Louis, Iron Mt. & Southern R'y bonds,
Bonds.
Par Value.
$1,235,000 00
100,000 00
5,000 00
180,000 00
5,000 00
5,000 00
775,000 00
100,000 00
100,000 00
100,000 00
100,000 00
Market Value.
,725,912 50
106,000 00
6,600 00
194,850 00
5,558 38
5,300 00
846,500 00
103,375 00
105,000 00
106,750 00
117,500 00
S2,705,000 00 $3,323,345 88
438 LIVERPOOL AND LONDON AND GLOBE INSURANCE CO.
Summary of Assets Dec. 31, 1901
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Miscellaneous,
Prem's more than three mos. due, $24,195 55
Gross assets,
$1,865,833 00
3,009,050 00
35,659 77
3,323,345 88
2,725 10
927,278 25
1,141,385 12
10,000 00
1,113 90
-?10,316,391 02
Unadmitted.
Special deposits in other States, . . . |297,345 88
Cash not in control of trustees, . . . 165,258 54
Real estate not in control of trustees, . . 553,285 00
Miscellaneous, 1,113 90
1,017,003 32
Balance, $9,299,387 70
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Reserve on life policies, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital, ....
Surplus over capital,
$6,978 39
720,000 80
72,025 00
$799,004 19
216,090 15
$582,914 04
4,303,786 22
315,914 19
81,303 88
178,875 52
233,480 66
14,570 94
20,000 00
*5,730,845 45
229,299 40
5,501,546 05
. $3,797,841 Q5
200,000 00
. $3,597,841 65
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$2,S65,950 00
2,S'29,653 00
2,795,000 00
LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 439
Income
Fire premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected, . . . . $8,080,449 87
Less reinsurance and return premiums, . . 2,578,033 36
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Deposits received for perpetual fire risks, . $6,039 35
$1,046,168 70
2,887 69
81,043,281 01
8,199,861 84
$9,243,142 85
1,162,692 98
1,502,416 51
131,456 72
90,546 92
96,447 53
Gross cash income, $5,820,867 68
Expenditures.
Cash paid for fire losses, $4,377,085 15
Deduct salvage and reinsurance, . . . 607,536 48
Net cash paid for fire losses, .... $3,769,548 67
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
924,924 72
344,880 35
153,245 81
359,324 16
5,295 38
. $5,551,923 71
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Risks and Premiums.
Premiums.
$994,399,602 00 $8,491,140 64
854,656,804 00 8,199,861 84
Total,
Deduct risks expired and terminated,
Li force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
$1,849,056,406 00 $16,691,002 48
783,986,087 00 7,130,981 17
$1,065,070,319 00 $9,560,021 31
153,542,005 00 1,462,761 70
$911,528,314 00 $8,097,259 61
. $9,857,045 00 $332,541 00
Miscellaneous.
Fire losses incurred during the year,
. $3,841,389 00
440
LONDON ASSURANCE CORPORATION.
UNITED STATES BRANCH OF THE "LONDON ASSURANCE
CORPORATION," LONDON.
[FIRE BRANCH.]
Deposit Capital, $200,000.
CHAS. L. CASE, Resident Manager.
Office, 44 Pine Street, New York, N. Y.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bonds, $ 470,000 00 1523,493 74
Baltimore & Ohio R.R. bonds, .... 22,000 00 22,687 50
Baltimore & Ohio R R. stock, .... 2,000 00 1,900 00
Brooklyn Union Gas Co. bonds, . . . 30,000 00 35,100 00
Carthage, Watert'n & Sacketts H. R.R. bonds, 50,000 00 59,000 00
Central R.R. of New Jersey bonds, . . . 40,000 00 53,600 00
Central Union Gas Co. bonds, .... 50,000 00 55,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 50,000 00 58,187 50
Chicago, St. Louis & New Orleans R.R. loan, . 8,000 00 10,160 00
City of New York bonds, 178,000 00 189,940 00
City of Richmond (Va.) bonds, . . . 50,000 00 53,750 00
Lehigh Valley R'y Co. bonds, .... 30,000 00 33,075 00
Long Island R.R. bonds, 99,000 00 121,275 00
Louisville & Nashville R.R. bonds, . . . 25,000 00 32,500 00
Milwaukee, Lake Shore & West. R.R bonds, . 25,000 00 35,625 00
N. Y. Gas & Electric L't, IPt & Fr Co. bonds, 25,000 00 24,250 00
New Amsterdam Gas Co. bonds, . . 23,000 00 25,070 00
Pittsburgh, Cinn., Chicago & St. Louis bonds, 25,000 00 28,750 00
Read. Co. & Phila. & Read. C. & I. Co. bonds, 15,000 00 15,112 50
St. Paul, Minneapolis & Manitoba R.R. loan, . 25,000 00 35,000 00
Scioto Valley & New England R.R. bonds, . 30,000 00 30,450 00
United States Mortgage & Trust Co. bonds, : 35,000 00 35,000 00
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
11,307,000 00 $1,478,926 24
31, 1901.
$1,478,926 24
1,410 23
141,973 78
198,030 98
f 1,820,341 23
Uiiadmitted.
Special deposits in other States,
Cash not in control of trustees,
$235,953 12
6,940 09
242,893 21
Balance, $1,577,448 02
LONDON ASSURANCE CORPORATION.
441
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, . . ' .
$19,974 38
48,385 58
13,625 00
$81,984 96
426 00
$81,558 96
912,329 36
152 00
32,955 85
1,604 06
1,028,600 23
91,189 76
$937,410 47
$640,037 55
200,000 00
Surplus over capital, $440,037 55
Income.
Fire premiums outstanding Dec. 31, 1900, . $135,570 76
Premiums on risks written or renewed, . . 1,388,925 72
Total, $1,524,496 48
Premiums now in course of collection, . . 198,030 98
Entire premiums collected, .... $1,326,465 50
Less reinsurance and return premiums, . . 273,439 58
Net cash fire premiums received,
Interest and dividends received from all sources, .
Gross cash income,
$1,053,025 92
55,304 83
$1,108,330 75
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
$665,370 89
91,867 41
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
$573,503 48
224,208 89
83,948 96
33,182 39
67,509 02
•Gross cash expenditures, .
$982,352 74
442
LONDON ASSURANCE CORPORATION.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . $172,588,853 00 $1,564,343 64
Fire risks written during 1901, . . . 150,153,048 00 1,388,925 72
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
§322,741,901 00 £2,953,269 36
.128,472,141 00 1,129,829 54
£194,269,760 00 f 1,828,439
. 11,695,761 00 96,622 29
£182,573,999 00 £1 J 53
Miscellaneous.
Fire losses incurred during the year,
. £556,905 00
UNITED STATES BRANCH OF THE "LONDON ASSURANCE
CORPORATION," LONDON.
MARINE BRANCH.]
Deposit Capital, $300,000.
PEBCT CHUBB, Attorney.
Office, 5-7 South William Street, Xew York, X. Y.
Detailed Statement
N. Y. city water stock bonds, .
Boston city bonds,
Brooklyn city bonds, ....
New York city bonds, ....
Cleve., Cin., Chic. & St. Louis R.R. bonds,
Chicago & Erie R.R. bonds,
Chesapeake & Ohio R.R. bonds,
of Bonds.
Par Value.
£100,000 00
100,000 00
100,000 00
10,000 00
50,000 00
50,000 00
50,000 00
Market Value .
$100,437 50
107,000 00
100,000 00
10,000 00
50,500 00
59,500 00
59,000 00
£460,000 00 £486,437 50
Summary of Assets Dec. 31, 1901.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Reinsurance due on losses paid,
Gross assets,
$486,437 50
11,041 44
36,823 90
5,212 49
100,097 92
10 27
1,129 37
£640.752 89
LONDON ASSURANCE CORPORATION.
443
Unadmitted.
Cash not in control of trustees, . . . $34,67189
Due for bills receivable, 10 27
Reinsurance due on losses paid, . . . 595 32
Premiums in course, in excess of unearned, . 59,019 65
,297 13
Balance, $546,455 76
Liabilities.
Losses claimed and reported,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital, .
$83,700 00
20,900 00
f 62,800 00
41,078 27
10,000 00
10,618 24
27,716 36
29,662 46
$181,875 33
$364,580 43
300,000 00
$64,580 43
Income.
Marine premiums outstanding Dec. 31, 1900, . $65,829 24
Premiums on risks written or renewed, . . 773,210 74
Total, $839,039 98
Premiums now in course of collection, . . 100,097 92
Entire premiums collected, .... $738,942 06
Less reinsurance and return premiums, . . 374,237 49
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
$364,704 57
19,266 40
Gross cash income, $383,970 97
Expenditures
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash paid for commissions and brokerage,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
$390,515 07
191,314 70
$220,869 67
$199,200 37
81,626 32
8,360 20
12,740 47
$301,927 36
444
LONDON AND LANCASHIRE FIRE INSURANCE CO.
Risks and Premiums.
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $8,691,640 00
. 120,082,506 00
$128,774,146 00
. 117,932,811 00
. $ 10,84 1,335 00
. 4,075,221 00
Premiums.
fol,267 97
773,210 74
$824,478 71
759,825 18
$64,653 53
23,575 26
.,766,114 00 $41,078 27
Miscellaneous.
Marine and inland losses incurred during the year,
$181,415 00
UNITED STATES BRANCH OF THE "LONDON AND LANCASHIRE
FIRE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
ARCHIBALD G. McILWAINE, Jr., Manager.
Office, 57-59 William Street, New York, X. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $288,500 00 $399,723 75
Baltimore & Ohio R.R. bonds, .... 142,500 00 137,737 50
Beech Creek R.R. Co. bonds, .... 27,000 00 28,890 00
Chesapeake & Ohio R'y Co. bonds, . . . 67,500 00 79,108 33
Chicago, Burlington & Quincy bonds, . .- 5,000 00 5,250 00
Chicago, Milwaukee & St. Paul R'y Co. bonds, 71,000 00 82,892 50
Chicago, Rock Island & Pacific R'y Co. bonds, 90,000 00 110,700 00
Chicago & Erie bonds, 10,000 00 12,266 66
Chicago & Northwestern R'y Co. bonds, . . 50,000 00 50,958 33
Cincinnati, Dayton & Ironton bonds, . . 20,000 CO 22,633 34
Cin., Indianap'lis, St. Lo. & Chic. R'y Co. b'ds, 100,000 00 102,333 33
Delaware & Hudson Canal Co. bonds, . . 25,000 00 36,166 67
Flint & Pere Marquette bonds, . . . 25,000 00 28,0-41 66
Illinois Central R.R. Co. bonds, . . . 100,000 00 112,333 33
Lake Erie & Western R.R. Co. bonds, . . 50,000 00 60,000 00
Lehigh Valley R.R. Co. (N. Y.) bonds, . . 25,000 00 26,437 50
Milwaukee, Lake Shore & Western bonds, . 53,000 00 66,523 34
N. Y. Central & Hudson River bonds, . . 6,000 00 5,642 50
N. Y., Chicago & St Louis R'y Co. bonds, . 50,000 00 53,000 00
N. Y., Susquehanna & Western bonds, . . 3,000 00 3,465 00
Philadelphia & Reading Terminal bonds, . 10,000 00 12,366 67
St. Louis & Iron Mt. R'y Co. bonds, . . 35,000 00 40,512 50
St. Paul, Minn. & Manitoba bonds, . . . 75,000 00 83,812 50
State of Georgia bonds, 25,000 00 28,750 00
State of Massachusetts bonds 25,000 00 27,625 00
Grant County (New Mexico) R.R. bonds, . 10,000 00 9,650 00
LONDON AND LANCASHIRE FIRE INSURANCE CO.
445-
New York city consolidated stock bonds,
City of Richmond (Va.) bonds,
Baltimore & Ohio R.R. Co. stock, .
Milwaukee Underwriters' Association stock,
Par Value.
$120,000 00
50,000 00
8,500 00
83 00
Market Value.
$ 118,800 00
56,250 00
7,990 00
83 00
$1,567,083 00 $1,809,943 41
Summary of Assets Dec. 31, 1901.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Cash in hands of trustees,
Interest due and accrued, .
Premiums in course of collection (gross)
Notes taken for fire risks,
Rents due and accrued,
Reinsurance due on losses paid,
Due from other companies,
Prems. more than three mos. due, $2,454 24
Gross assets,
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due from other companies,
$300,000 00
1,809,943 41
17,676 23
80,874 76
50,000 00
22,360 84
310,303 75
4,346 92
2,258 63
10,427 89
2,397 40
$2,610,589 83
$288,025 00
98,550 99
2,397 40
388,973 39
Balance, $2,221,616 44
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital, ....
Surplus over capital,
$24,731 00
142,310 23
19,472 22
$186,513 45
30,872 15
$155,641 30
1,502,047 71
55,911 42
29,697 89
1,160 41
$1,744,458 73
123,818 00
1,620,640 73
$600,975 71
200,000 00
$400,975 71
446
LONDON AND LANCASHIRE FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1900, . £324,969 60
Same not collected, 893 41
Net collected, £324,076 09
Premiums on risks written or renewed, . . 2,612,551 04
Total, |2,936,627 13
Premiums now in course of collection, . . 317,104 91
Entire premiums collected, .... $2,619,522 22
Less reinsurance and return premiums, . . 892,453 56
Net cash fire premiums received, . . . £1,727,068 66
Interest and- dividends received from all sources, . . . 77,807 48
Income from rents, 3,603 95
Gross cash income, £ 1,808,480 09
Expenditures.
Cash paid for fire losses, £1,362,436 58
Deduct salvage and reinsurance, . . . 288,725 18
Net cash paid for fire losses, .... f 1,073,7 11 40
Cash paid for commissions and brokerage, .... ',760 21
for salaries of officers and employees, . . . 150,865 28
for State and local taxes, 45,653 42
for incidentals, 138,858 32
Remitted to home office $100,044 51
Gross cash expenditures, .
.,738,848 63
Risks and Premiums.
Premiums.
Fire-risks outstanding Dec. 31,1900, . £434,103,478 00 £3,380,770 59
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
281,410,522 00 2,612,551 04
6715,514,000 00 $5,993,321 63
. 314,906,250 00 2,612,685 56
$400,607,750 00 £3,380,636 07
. 49,066,300 00 448,253 23
£351,541,450 00 £2,932,382 84
Miscellaneous.
Fire losses incurred during the year,
. $1,082,262 00
MANCHESTER ASSURANCE CO.
447
UNITED STATES BRANCH OF THE "MANCHESTER ASSURANCE
COMPANY," MANCHESTER, ENGLAND.
Deposit Capital, $200,000.
GEO. S. A. YOUNG, United States Manager.
Office, 49 Wall Street, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
City of New York consolidated stock, . . $200,000 00 $200,000 00
United States bonds, 175,000 00 190,750 00
Portland, Ore., water bonds, .... 50,000 00 57,500 00
City of Brooklyn bonds, 200,000 00 200,000 00
District of Columbia bonds, .... 20,000 00 25,200 00
Baltimore & Ohio R.R. bonds, . . . . 11,000 00 10,730 00
Burl., Cedar Rapids & Northern R.R. bonds, . 40,000 00 49,600 00
Central Pacific R'y bonds, .... 75,000 00 77,250 00
Chicago, Mil. & St. Paul R.R. bonds, . . 126,000 00 150,190 00
Illinois Central Railroad bonds, . . . 25,000 00 25,500 00
Louisville & Nashville Railroad bonds, . . 25,000 00 (28,000 00
Northern Pacific Railroad bonds, . . . 69,000 00 72,450 00
Pennsylvania Co. bonds, . ... . . 55,000 00 60,500 00
Pennsylvania R.R. Equipment bonds, . . 20,000 00 20,400 00
St. Louis, Iron Mt. & Southern R'y Co. bonds, 25,000 00 29,250 00
St. Paul, Minneapolis & Manitoba R.R. bonds, 25,000 00 29,000 00
Wheeling & Lake Erie Railroad bonds, . . 30,000 00 27,300 00
Pennsylvania Railroad Co. stock, . . . 50,000 00 75,000 00
Chicago, Mil. & St. Paul R.R. Co. stock, . . 50,000 00 82,500 00
Chicago, Rock Island & Pacific R'y Co. stock, 30,000 00 46,200 00
Union Pacific Railroad Co. stock, . . . 100,000 00 90,000 00
$1,401,000 00 $1,547,320 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Reinsurance due on losses paid,
Miscellaneous,
Prern's more than three mos. due, $6,750 36
Gross assets,
31, 1901.
$1,282 77
1,547,320 00
721 47
55,272 34
5,554 17
255,103 45
448 10
285 29
205 08
$1,869,192 67
448
MANCHESTER ASSURANCE CO.
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due for bills receivable, .
Miscellaneous,
$231,900 CO
2o,993 81
448 10
210 08
$253,551 9&
Balance f 1,615,<J40 6&
Liabilities.
Losses adjusted, unpaid, $79,584 51
claimed and reported, .... 106,274 25
disputed or resisted, .... 24,048 03
Total amount of losses, .... $209,906 79
Less reinsurance, 22,882 69
Net amount of unpaid losses, .... $187,024 10
Unearned premiums on outstanding risks, . 1,058,380 67
Commissions and brokerage, .... 46,422 30
Return premiums and reinsurance, . . . 22,675 37
Reinsurance disallowed, 2,964 19
Gross liabilities, except capital, . . $1,317,466 63
Deduct liability on special deposits, . . 93,463 66
Surplus as regards policy holders,
Deposit capital,
$1,224,002 9?
$391,637 71
200,000 00
Surplus over capital, $191,637 71
Income.
Pire premiums outstanding Dec. 31, 1900, . $271,230 89
Same not collected, 1,178 81
Net collected, $270,052 08
Premiums on risks written or renewed, . . 2,108,292 83
Total, $2,378,344 91
Premiums now in course of collection, . . 261,853 81
Entire premiums collected, .... $2,116,491 10
Less reinsurance and return premiums, . . 703,774 27
Net cash fire premiums received, . . . $1,412,716 8$
Interest and dividends received from all sources, . . . 57.204 17
Received from home office, .... $299,460 00
Gross cash income, $1,469,921 0O
MANNHEIM INSURANCE CO.
449
Expenditures.
Cash paid for fire losses, $1,323,395 13
Deduct salvage and reinsurance, . . . 218,460 55
Net cash paid for fire losses, .... $1,104,934 58
Cash paid for commissions and brokerage, .... 287,630 45
for salaries of officers and employees, . . . 92,274 63
for State and local taxes, 51,578 75
for incidentals, 92,942 12
Remitted to home office, $107,063 20
Gross cash expenditures, ....... $1,629,360 53
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1900, . $221,342,751 00 $2,400,842 36
Fire risks written during 1901, . . . 182,497,461 00 2,108,292 83
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$403,840,212 00 $4,509,135 19
. 189,348,638 00 2,121,957 66
$214,491,574 00 $2,387,177 53
. 24,142,361 00 317,790 11
$190,349,213 00 $2,069,387 42
Miscellaneous.
Fire losses incurred during the year,
$1,121,397 00
UNITED STATES BRANCH OF THE "MANNHEIM INSURANCE
COMPANY," MANNHEIM, GERMANY.
Deposit Capital, $300,000.
FRANZ HERRMANN, United States Manager.
Office, 66 Beaver Street, New York City.
Summary of Assets Dec
New York city bonds, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Prem's more than three mos. due, $1,492 60
Gross assets,
31, 1901.
$358,500 00
722 36
4,743 00
94,939 21
398 75
$459,303 32
450
MANNHEIM INSURANCE CO.
Unadmitted.
Cash not in control of trustees, . . . $5,465 36
Premiums in course, in excess of unearned, . 61,093 21
$68,558 57
Balance, $392,744 75
Liabilities.
Losses claimed and reported, .... $37,066 20
Unearned premiums on outstanding risks, . 33,846 00
Commissions and brokerage, .... 5,577 32
Reinsurance, 14,601 88
Gross liabilities, except capital, . .
$91,091 40
Surplus as regards policy holders, $301,653 35
Deposit capital, 300,000 00
Surplus over capital, .
$1,653 35
Income.
Marine premiums outstanding Dec. 31, 1900,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
$83,375 23
728,826 94
$812,202 17
96,830 56
$715,371 61
112,730 71
$602,640 90
Gross cash income, $602,640 90
Expenditures.
Cash paid for marine and inland losses, . . $502,406 30
Deduct salvage and reinsurance, . . . 139,029 04
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Remitted to home office, 6121,275 11
$363,377 26
.82,801
25,137
14,554 bo
26,037 48
Gross cash expenditures, $51 1,90 v
THE MARINE INSURANCE CO. (LIMITED).
451
Risks and Premiums.
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$10,758,465 00
. 176,818,311 00
$187,576,776 00
.174,141,261 00
. $13,435,515 00
645,845 00
Premiums.
$34,100 00
728,826 94
$762,926 94
727,377 94
$35,549 00
1,703 00
.$12,789,670 00 $33,846 00
Miscellaneous.
Marine and inland losses incurred during the year,
$390,325 00
UNITED STATES BRANCH OF "THE MARINE INSURANCE
COMPANY" (LIMITED), LONDON, ENGLAND.
Deposit Capital, $300,000.
PERCY CHUBB, Attorney.
Office, 5-7 South William Street, New York City.
Detailed Statement of Bonds, etc.
New York city bonds,
Pennsylvania Railroad bonds, .
New York Cent. & Hudson River R.R. bonds,
Atlantic Mutual Insurance Co. scrip,
City of Cleveland, O., bonds, ....
Par Value.
$300,000 00
50,000 00
35,000 00
6,910 00
100,000 00
Market Value.
$296,512 50
54,750 00
35,350 00
6,910 00
115,500 00
$491,910 00 $509,022 50
Summary op Assets Dec. 31, 1901.
Bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Reinsurance due on losses paid,
Gross assets,
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due for bills receivable, .
Miscellaneous, ....
$509,022 50
27 63
38,875 21
82,029 22
7,205 23
3,456 51
$115,500 00
38,902 84
7,205 23
2,100 00
$640,616 30
163,708 07
Balance, $476,908 23
452
THE MARINE INSURANCE CO. (LIMITED).
Liabilities.
Losses claimed and reported, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
$49,300 00
7,800 00
$41,500 00
96,473 21
8,000 00
11,037 52
41,339 65
^198,350 38
7,835 00
Impairment of capital,*
$190,515 38
$286,392 85
300,000 00
$13,607 15
Income.
Marine premiums outstanding Dec. 31, 1900, .
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
186,982 64
921,619 09
$1,008,601 73
82,029 22
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
Profit on sale of scrip,
$926,572 51
304,374 01
$622,198 50
15,912 00
83 71
Gross cash income, $638,194 21
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash paid for commissions and brokerage,
for State and local taxes,
for incidentals,
Remitted to home office, ....
Gross cash expenditures, ...
$354,370 28
130,982 60
$304,769 33
$223,387 68
110,761 99
8,028 85
16,542 65
$358,721 17
* Impairment made good by the deposit of $26,250 with the trustees, in addition to their
holdings of December 31.
MOSCOW FIRE INSURANCE CO.
453
Risks and Premiums.
Marine risks outstanding Dec. 31, 1900,
Marine risks written during 1901, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $60,266,806 00
. 964,670,934 00
$1,024,937,740 00
1,000,906,639 00
.$24,031,101 00
. 17,754,622 00
Premiums.
$96,638 07
921,619 09
1,018,257 16
886,971 69
$131,285 47
34,812 26
. $6,276,479 00 $96,473 21
Miscellaneous.
Marine and inland losses incurred during the year,
$225,338 00
UNITED STATES BRANCH OF THE " MOSCOW FIRE INSURANCE
COMPANY," MOSCOW, RUSSIA.
Deposit Capital, $200,000.
JOHN R. REDFIELD, Resident Manager.
Office, Hartford, Conn.
Detailed Statement of Bonds.
Pnr Value. Market Value.
United States bonds $200,000 00 $230,000 00
New York city bonds, 330,000 00 357,150 00
Wladikawkas R'y Co. bonds, .... 100,000 00 100,000 00
Summary of Assets Dec
Bonds, as per schedule, ....
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$630,000 00 $687,150 00
31, 1901.
$687,150 00
7,595 65
3,813 89
68,911 00
$767,470 54
Unadmitted.
Special deposits in other States,
Balance, ....
Liabilities.
Losses adjusted, unpaid, $35,728 38
Losses claimed and reported, .... 74,281 64
Unearned premiums on outstanding risks, . 470,562 36
115,000 00
$652,470 54
454
MOSCOW FIRE INSURANCE CO.
Commissions and brokerage, .
Return premiums, ....
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders,
Deposit capital, ....
Impairment of capital/
f 13,883 13
13,378 49
1607,834 00
19,575 09
$588,258 91
$64,211 63
200,000 00
f 135,788 37
Income.
Fire premiums outstanding Dec. 31, 1900, . $117,052 45
Premiums on risks written or renewed, . . 904,845 02
Total $1,021,897 47
Premiums now in course of collection, . . 68,911 00
Entire premiums collected, .... $952,986 47
Less reinsurance and return premiums, . . 202,095 59
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Received from home office, .... $91,197 52
$750,890 88
19,661 78
Gross cash income, $770,552 66
Expenditures.
Cash paid for fire losses, $431,661 69
Deduct salvage, 2,126 57
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for loss on sale of assets,
for incidentals, .
Remitted to home office, $95,286 26
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1900,
Fire risks written during 1901,
Total,
Deduct risks expired and terminated,
In force at end of year,
.$68,604,570 00
. 98,849,306 00
$167,453,876 00
. 79,185,970 00
$429,53
241,117 00
850 00
1,59'
568 75
3,704 00
$677,372 09
Premiums.
$590,013 39
904,845 02
$1,494,85^ 41
676,396 96
. $88,267,906 00 $818,461 45
Miscellaneous.
Fire losses incurred during the vear,
$483,259 00
* Since rendering its annual statement the company has deposited in the hands of its
trustee? $95,891.33 in addition to the holdings of December 31.
The company voluntarily withdrew from Massachusetts March 3, 19i>2.
MUNICH REINSURANCE CO.
455
UNITED STATES BRANCH OF THE "MUNICH REINSURANCE
COMPANY," MUNICH, GERMANY.
Deposit Capital, $200,000.
CARL SCHREINER, United States Manager.
Office, 346 Broadway, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $200,000 00 8279,000 00
New York city bonds, 100,000 00 104,625 00
Union Pacific R.R. bonds, .... 75,000 00 79,875 00
St. Louis & San Francisco R.R. bonds, . . 100,000 00 97,500 00
Oregon R.R. & Navigation bonds, . . . 50,000 00 51,125 00
Atch., Topeka & Santa Fe R.R. bonds, . . 50,000 00 51,625 00
Northern Pacific R.R. bonds, .... 25,000 00 26,312 50
Illinois Central R.R. bonds, .... 25,000 00 25,500 00
Cincin., Ind., St. Louis & Chicago R.R. bonds, 10,000 00 10,500 00
Wisconsin Central R.R. bonds, . . . 25,000 00 22,500 00
Baltimore & Ohio R.R. bonds, .... 25,000 00 23,000 00
St. Louis & Iron Mountain bonds, . . . 25,000 00 29,125 00
Wabash Railroad bonds, 25,000 00 29,562 50
Central Pacific R.R. bonds, . . . . 20,000 00 20,450 00
Norfolk & Western R.R. bonds, . . . 20,000 00 20,500 00
Rio Grande & Western R.R. bonds, . . . 20,000 00 20,300 00
Western New York & Penn. R.R. bonds, . 20,000 00 19,850 00
Northern Pacific R.R. bonds, .... 100,000 00 86,375 00
Brooklyn Union Elevated R.R. bonds, . . 50,000 00 50,250 00
San Antonio & Aransas Pass bonds, . . 50,000 00 44,750 00
St. Louis Southwestern R.R. bonds, . . . 50,000 00 48,250 00
Southern R'y bonds, 25,000 00 25,125 00
Detroit & Mackinac R.R. bonds, . . . 100,000 00 95,000 00
Massachusetts State bonds, .... 100,000 00 102,250 00
Norfolk & Western R.R. stock, . . . 20,000 00 18,300 00
Atchison, Topeka & Santa Fe R.R. stock, . 25,000 00 25,125 00
United States Steel Corporation stock, . . 55,000 00 51,150 00
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